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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Washington Trust Bank Spokane Business Loans > General Warehousing And Storage Loan | ||||
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Spokane Bank Loan
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Spokane, Washington Bank Gives SBA Loan to General Warehousing And Storage CompanyThinking about meeting with a Spokane, Washington bank about an SBA loan? Here's one Washington business loan, issued by a Spokane bank, that was approved by the SBA. Applying for an SBA loan with Washington Trust Bank worked out well for our friends at one local firm in Spokane, Washington. The business was able to get an SBA loan for $966,828. Awesome! SBA Loan Borrower COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE SBA Loan Lender WASHINGTON TRUST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 493110 - General Warehousing and Storage Loan Approval Date 10/13/2005 Loan Approval Gross Amount $966,828 Loan Approval from the SBA Of the total $966,828 loan amount, the SBA guaranteed $725,121. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Spokane or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Dealing With Venture Capitalists SBA Participating Banks in Spokane, Washington SBA Participating Banks in Washington
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