Business Loan from Columbia State Bank Given to Personal Services Company
Columbia State Bank has a track record as a leading provider of SBA loans. Find out how this Washington entrepreneur received an SBA loan from them.
This business knew how to go about getting a business bank loan. Based in Tacoma, Washington, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Columbia State Bank, based in Tacoma, Washington.
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
TACOMA, WA 98418
SBA Loan Lender
COLUMBIA STATE BANK
1301-A ST, STE 800
TACOMA, WA 98402
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812990 - Personal Services
Loan Approval Date
12/28/2007
Loan Approval Gross Amount
$92,700
Loan Approval from the SBA
Of the total $92,700 loan amount, the SBA guaranteed $78,795.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
If you need to find money for a business, 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.
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