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May 18, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Automotive Services Loan | ||||
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Nevada Bank SBA Loans
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Washington Mutual Bank SBA Loan to Automotive Services CompanyLooking to get a Maryland SBA loan? Here's one Maryland business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Washington Mutual Bank, out of Henderson, Nevada. The loan was granted and they received $584,000 to help grow their Annapolis, Maryland business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender WASHINGTON MUTUAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services Loan Approval Date 5/31/2000 Loan Approval Gross Amount $584,000 Loan Approval from the SBA Of the total $584,000 loan amount, the SBA guaranteed $438,000. 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 5 employees. The SBA loan documents did not indicate that the business 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? If you want money for new small business in Annapolis MD, you ought to talk with a local Annapolis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Annapolis businesses. 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. Related Links: SBA Approved Banks in Henderson, Nevada
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