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May 19, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bainbridge Island, Business Loans > American Marine Bank Bainbridge Island Business Loans > Softwood Veneer And Plywood Manufacturing Loan | ||||
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Business Loans for Bainbridge Island Business Owners
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Financing for Softwood Veneer and Plywood ManufacturingWith these commercial loans for softwood veneer and plywood manufacturing, the SBA guarantees the lender that the loan will be repaid. This softwood veneer and plywood manufacturing loan for $500,000 was given to a Washington entrepreneur in 2003. This business knew how to go about getting a business bank loan. Based in Bainbridge Island, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was American Marine Bank, based in Bainbridge Island, Washington. SBA Loan Borrower COMPANY TYPE: SOFTWOOD VENEER AND PLYWOOD MANUFACTURING SBA Loan Lender AMERICAN MARINE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321212 - Softwood Veneer and Plywood Manufacturing Loan Approval Date 3/25/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Bainbridge Island or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Where to Get an SBA Loan in Bainbridge Island, Washington
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