SBA Loan from Washington Trust Bank Helps Child Day Care Services Company

An SBA loan from Washington Trust Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wenatchee, Washington business owner got a $138,800 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Washington Trust Bank, out of Wenatchee, Washington. The loan was granted and they received $138,800 to help grow their Wenatchee, Washington business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
WENATCHEE, WA 98801

SBA Loan Lender

WASHINGTON TRUST BANK
523 VALLEY MALL PKWY
WENATCHEE, WA 98802

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a 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. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

10/17/2003

Loan Approval Gross Amount

$138,800

Loan Approval from the SBA

Of the total $138,800 loan amount, the SBA guaranteed $117,980.

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 6 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

We've showcased information on this loan to let you know that businesses like yours 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.

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