Spokane, Washington Entrepreneur Gets a Bank Loan

Small business loans in Washington are tough to come by these days. We take a look at one Washington small business loan, provided by a Washington bank, that was approved by the SBA.

Getting a small business loan in Spokane, Washington was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from State Bank Northwest. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: SWITCHGEAR AND SWITCHBOARD APPARATUS MANUFACTURING
SPOKANE, WA 99001

SBA Loan Lender

STATE BANK NORTHWEST
9727 N NEVADA ST
SPOKANE, WA 99218

This business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335313 - Switchgear and Switchboard Apparatus Manufacturing

Loan Approval Date

1/30/2002

Loan Approval Gross Amount

$287,431

Loan Approval from the SBA

Of the total $287,431 loan amount, the SBA guaranteed $215,573.

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 15 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Northwest are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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