Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Who Lends Money to Federal Way Small Businesses

 

 
Loan Census SBA Loan Info

Washington SBA Loan Issued to Full-Service Restaurants Company

Would a Washington business loan help your company expand? If so, you may want to talk with this Washington bank, which offers SBA loans to Washington entrepreneurs.

You can learn something about getting a small business loan in Federal Way, Washington by studying this loan to a local business, made back in 2007. Banks like Washington Business Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
FEDERAL WAY, WA 98003

SBA Loan Lender

WASHINGTON BUSINESS BANK
2607 MARTIN WAY, STE 211
OLYMPIA, WA 98506

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

722110 - Full-Service Restaurants

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $38,000.

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 30 employees. The SBA loan application for the borrower indicated that the loan would help generate 30 new jobs and retain 30 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Washington Business Bank and they will explain how you can get an SBA loan for your company.

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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