Commercial Loans for Rolled Steel Shape Manufacturing

Looking for commercial loans for rolled steel shape manufacturing? The SBA may be the answer. This $1,664,000 rolled steel shape manufacturing loan was issued by a Washington bank.

Getting a small business loan in Stanwood, Washington was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Whidbey Island Bank, operating out of Burlington, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: ROLLED STEEL SHAPE MANUFACTURING
STANWOOD, WA 98292

SBA Loan Lender

WHIDBEY ISLAND BANK
1266 BOUSLOG RD
BURLINGTON, WA 98233

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331221 - Rolled Steel Shape Manufacturing

Loan Approval Date

12/18/2006

Loan Approval Gross Amount

$1,664,000

Loan Approval from the SBA

Of the total $1,664,000 loan amount, the SBA guaranteed $1,248,000.

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 24 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

SBA Participating Banks in Burlington, Washington

SBA Lenders in Washington