SBA Loan from Columbia State Bank Helps Beer And Ale Company

Columbia State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Washington entrepreneur who tapped into the power of SBA loans.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Columbia State Bank, out of Tacoma, Washington. The loan was granted and they received $1,372,000 to help grow their Tumwater, Washington business.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE
TUMWATER, WA 98501

SBA Loan Lender

COLUMBIA STATE BANK
1301-A ST, STE 800
TACOMA, WA 98402

This SBA loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications 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.

SIC Code

5181 - Beer and Ale

NAICS Code

422820 - Wine and Distilled Alcoholic Beverage Wholesalers

Loan Approval Date

5/31/2001

Loan Approval Gross Amount

$1,372,000

Loan Approval from the SBA

Of the total $1,372,000 loan amount, the SBA guaranteed $999,996.

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 45 employees. This SBA loan request 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 guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA 7A Banks in Tacoma, Washington

Getting an SBA Loan in Washington