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May 12, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Longview, Business Loans > Twin City Bank Longview Business Loans > Travel Trailer And Camper Manufacturing Loan | ||||
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Kalama, Washington Bank for SBA Loans
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Commercial Loans for Travel Trailer and Camper ManufacturingWith these commercial loans for travel trailer and camper manufacturing, the SBA guarantees the lender that the loan will be repaid. This travel trailer and camper manufacturing loan for $75,000 was given to a Washington entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kalama, Washington was able to borrow $75,000 from Twin City Bank. The SBA made the loan possible by guaranteeing $63,750 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: TRAVEL TRAILER AND CAMPER MANUFACTURING SBA Loan Lender TWIN CITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336214 - Travel Trailer and Camper Manufacturing Loan Approval Date 4/17/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Participating Banks in Longview, Washington
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