Bellingham, Washington Bank Gives SBA Loan to Insurance Agencies And Brokerages Company

Get to know Bellingham, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Horizon Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Bellingham, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Horizon Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
BELLINGHAM, WA 98226

SBA Loan Lender

HORIZON BANK
1500 CORNWALL AVE
BELLINGHAM, WA 98225

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

524210 - Insurance Agencies and Brokerages

Loan Approval Date

10/20/2005

Loan Approval Gross Amount

$131,200

Loan Approval from the SBA

Of the total $131,200 loan amount, the SBA guaranteed $65,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents indicated that the borrowed money would help generate 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $131,200 loan. Remember, where there is a will, there is a way!

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.

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