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May 17, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bellevue, Business Loans > Eastside Comm. Bank Bellevue Business Loans > Vending Machine Operators Loan | ||||
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SBA Loan from Eastside Comm. Bank
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Bellevue, Washington Business Gets SBA-Guaranteed Funding from Eastside Comm. BankEastside Comm. Bank has a track record as a leading provider of SBA loans. Find out how this Washington entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Bellevue, Washington, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Eastside Comm. Bank, based in Bellevue, Washington. SBA Loan Borrower COMPANY TYPE: VENDING MACHINE OPERATORS SBA Loan Lender EASTSIDE COMM. BANK When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454210 - Vending Machine Operators Loan Approval Date 4/7/2006 Loan Approval Gross Amount $727,000 Loan Approval from the SBA Of the total $727,000 loan amount, the SBA guaranteed $545,250. 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 SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Banking Deregulation's Effects on Entrepreneurship
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