Tradebinding and Related Work Commercial Loans

With these commercial loans for tradebinding and related work, the SBA guarantees the lender that the loan will be repaid. This tradebinding and related work loan for $184,200 was given to a Washington entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Spokane, Washington, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was State Bank Northwest, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: TRADEBINDING AND RELATED WORK
SPOKANE, WA 99212

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGE AVE
SPOKANE, WA 99216

This SBA bank loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323121 - Tradebinding and Related Work

Loan Approval Date

11/5/2002

Loan Approval Gross Amount

$184,200

Loan Approval from the SBA

Of the total $184,200 loan amount, the SBA guaranteed $156,570.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank Northwest had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank Northwest made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Cash Advances

Banks in Spokane, Washington

Getting an SBA Loan in Washington