SBA Loan from Columbia State Bank Helps Tobacco And Tobacco Product Merchant Wholesalers Company

Columbia State Bank has a track record as a leading provider of SBA loans. Find out how this Washington entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Longview, Washington, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Columbia State Bank, based in Olympia, Washington.

SBA Loan Borrower

COMPANY TYPE: TOBACCO AND TOBACCO PRODUCT MERCHANT WHOLESALERS
LONGVIEW, WA 98632

SBA Loan Lender

COLUMBIA STATE BANK
2915 HARRISON AVE NW, STE 230
OLYMPIA, WA 98502

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424940 - Tobacco and Tobacco Product Merchant Wholesalers

Loan Approval Date

12/12/2005

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $500,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

How Much Venture Capital Is There?

SBA Participating Banks in Olympia, Washington

Washington SBA Bank Lenders