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May 17, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Everett, Business Loans > Coastal Community Bank Everett Business Loans > Teleproduction And Postproduction Services Loan | ||||
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Raising Money in Bellevue, Washington With SBA Loans
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Small Business Loans for Teleproduction and Postproduction ServicesLooking for small business loans for teleproduction and postproduction services? The SBA may be the answer. This $52,000 teleproduction and postproduction services loan was issued by a Washington bank. This company knew how to go about getting a business bank loan. Based in Bellevue, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Coastal Community Bank, based in Everett, Washington. SBA Loan Borrower COMPANY TYPE: TELEPRODUCTION AND POSTPRODUCTION SERVICES SBA Loan Lender COASTAL COMMUNITY BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 512191 - Teleproduction and Postproduction Services Loan Approval Date 1/9/2003 Loan Approval Gross Amount $52,000 Loan Approval from the SBA Of the total $52,000 loan amount, the SBA guaranteed $44,200. 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 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Coastal Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Lenders in Everett, Washington
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