Business Loan from Cashmere Valley Bank Given to Lawyers Company

An SBA loan from Cashmere Valley 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 $50,000 loan.

This business knew how to go about getting a business bank loan. Based in Wenatchee, Washington, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Cashmere Valley Bank, based in Cashmere, Washington.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
WENATCHEE, WA 98801

SBA Loan Lender

CASHMERE VALLEY BANK
117 APLETS WAY
CASHMERE, WA 98815

This lender issued this particular SBA small business 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

541110 - Lawyers

Loan Approval Date

12/29/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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

The Art of Bootstrapping

SBA 7A Banks in Cashmere, Washington

Getting an SBA Loan in Washington