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November 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Americanwest Bank Spokane Business Loans > Oilseed Farming Loan | ||||
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I Need a Small Business Loan in Yakima, Washington
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Where to Get Capital for Oilseed FarmingLooking for small business loans for oilseed farming? An SBA loan may be just what you've been looking for. This $86,000 oilseed farming loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yakima, Washington was able to borrow $86,000 from Americanwest Bank. The SBA made the loan possible by guaranteeing $43,000 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: OILSEED FARMING SBA Loan Lender AMERICANWEST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 111120 - Oilseed Farming Loan Approval Date 8/9/2007 Loan Approval Gross Amount $86,000 Loan Approval from the SBA Of the total $86,000 loan amount, the SBA guaranteed $43,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help generate 1 new job. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks for Small Business in Spokane, Washington SBA Participating Banks in Washington
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