Loan Census Banking News and Information
November 15, 2024  
 
 
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Who Lends Money to Spokane Small Business Owners

 

 
Loan Census SBA Loan Info

Spokane, Washington Entrepreneur Gets a Small Business Loan

WashingtonBank loans are available to Washington firms through the SBA. In this case, a Washington bank provides the loan.

This company, based in Spokane, Washington, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Numerica Cu. We've got the inside scoop on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
SPOKANE, WA 99203

SBA Loan Lender

NUMERICA CU
301 N HAVANA
SPOKANE, WA 99202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$573,500

Loan Approval from the SBA

Of the total $573,500 loan amount, the SBA guaranteed $430,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 46 employees. The loan application indicated that the loan would help retain 46 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Numerica Cu and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

How to Raise Money

Banks in Spokane, Washington

Washington SBA 7A Banks