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November 15, 2024  
 
 
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SBA Lender Vancouver

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Vancouver, Washington Bank to Get an SBA Loan

A Vancouver, Washington business loan can be yours. Learn how one firm got a $103,400 business loan from this Washington bank.

This loan to a local firm is a good example of an SBA loan. Riverview Community Bank made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: TAXI SERVICE
VANCOUVER, WA 98665

SBA Loan Lender

RIVERVIEW COMMUNITY BANK
204 SE PARK PLAZA DR, STE 109
VANCOUVER, WA 98684

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485310 - Taxi Service

Loan Approval Date

4/4/2001

Loan Approval Gross Amount

$103,400

Loan Approval from the SBA

Of the total $103,400 loan amount, the SBA guaranteed $87,890.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 15 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Understanding Dilution

SBA Participating Banks in Vancouver, Washington

SBA Washington Lenders