Financing for Personal Services

With these commercial loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $141,500 was given to a Washington entrepreneur in 2003.

Getting a small business loan in Vancouver, Washington was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Clark County, operating out of Vancouver, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
VANCOUVER, WA 98660

SBA Loan Lender

BANK OF CLARK COUNTY
1400 WASHINGTON ST, STE 200
VANCOUVER, WA 98660

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$141,500

Loan Approval from the SBA

Of the total $141,500 loan amount, the SBA guaranteed $120,275.

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 11 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Clark County are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 Participating Banks in Vancouver, Washington

Washington SBA Banks