Washington Trust Bank SBA Loan to Drinking Places Company

An SBA loan from Washington Trust Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Spokane, Washington business owner got a $112,800 loan.

This small firm knew how to go about getting a business bank loan. Based in Spokane, Washington, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Washington Trust Bank, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
SPOKANE, WA 99204

SBA Loan Lender

WASHINGTON TRUST BANK
310 N ARGONNE RD
SPOKANE, WA 99212

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

10/23/2001

Loan Approval Gross Amount

$112,800

Loan Approval from the SBA

Of the total $112,800 loan amount, the SBA guaranteed $95,880.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Washington Trust Bank 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.

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