Columbia Community Cu Gives Small Business Loan to General Automotive Repair Company

Would a Washington business loan help your company expand? If so, you may want to talk with this Washington bank, which offers SBA loans to Washington entrepreneurs.

This small business, based in Vancouver, Washington, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Columbia Community Cu. We've got the inside scoop on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
VANCOUVER, WA 98663

SBA Loan Lender

COLUMBIA COMMUNITY CU
703 BROADWAY ST, STE 500
VANCOUVER, WA 98660

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

2/26/2004

Loan Approval Gross Amount

$32,300

Loan Approval from the SBA

Of the total $32,300 loan amount, the SBA guaranteed $27,455.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Columbia Community Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Columbia Community Cu 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:

Small Business Loan

Small Bank Loans in Vancouver, Washington

Washington SBA Bank Lenders