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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Tacoma, Business Loans > Columbia State Bank Tacoma Business Loans > Electronic And Precision Equipment Repair And Maintenance Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Financing for Electronic and Precision Equipment Repair and MaintenanceWith these commercial loans for electronic and precision equipment repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This electronic and precision equipment repair and maintenance loan for $75,000 was given to a Washington entrepreneur in 2005. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Columbia State Bank, out of Tacoma, Washington. The loan was granted and they received $75,000 to help grow their Tacoma, Washington business. SBA Loan Borrower COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender COLUMBIA STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 11/18/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 3 new jobs. 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Columbia State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies Small Bank Loans in Tacoma, Washington
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