Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA Lenders Washington

 

 
Loan Census SBA Loan Info

Spokane, Washington Bank Lends Money to Sign Manufacturing Company in Spokane, Washington

A Spokane, Washington business loan can be yours. Learn how one firm got a $65,800 business loan from this Washington bank.

This loan to a local firm is a good example of an SBA loan. State Bank Northwest made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
SPOKANE, WA 99207

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGUE
SPOKANE, WA 99216

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

6/2/2003

Loan Approval Gross Amount

$65,800

Loan Approval from the SBA

Of the total $65,800 loan amount, the SBA guaranteed $55,930.

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 only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Alternative Financing

SBA 7A Banks for Spokane, Washington Loans

SBA Lenders in Washington