 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Washington Business Loan Sources > Seattle, Business Loans > Pacific International Bank Seattle Business Loans > Store Retailers Loan | ||||
 |
||||
Banks Doing SBA Loans in Washington
|
||||
 |
Seattle, Washington Bank Gives SBA Loan to Store Retailers CompanyFind Seattle, Washington banks that specialize in business loans and know how to work with entrepreneurs. Pacific International Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Everett, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Pacific International Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender PACIFIC INTERNATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 10/22/2007 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. This SBA loan was for $375,000. How would you spend $375,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Best Banks for Small Business in Seattle, Washington
|
|
||
|
||||
|
|
||||