Business Loan from Banner Bank Given to Optometrists Company

An SBA loan from Banner 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 $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Wenatchee, Washington, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Banner Bank, based in Wenatchee, Washington.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
WENATCHEE, WA 98801

SBA Loan Lender

BANNER BANK
701 N CHELAN AVE
WENATCHEE, WA 98801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

4/13/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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