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May 18, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Mill Creek, Business Loans > Frontier Bank Mill Creek Business Loans > Eating Places Loan | ||||
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Washington Bank SBA Loans
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Frontier Bank SBA Loan to Eating Places CompanyLooking to get a Washington business loan? Here's one Washington business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Edmond, Washington, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Frontier Bank, based in Mill Creek, Washington. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FRONTIER BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/22/2000 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Obtaining Funding - How to Borrow Money Where to Get an SBA Loan in Mill Creek, Washington
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