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May 5, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lynnwood, Business Loans > City Bank Lynnwood Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Banks Doing SBA Loans in Washington
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Lynnwood, Washington Lender Lends Money to Gasoline Stations With Convenience Stores CompanyThinking about meeting with a Lynnwood, Washington bank about an SBA loan? Here's one Washington business loan, issued by a Lynnwood bank, that was approved by the SBA. Applying for an SBA loan with City Bank worked out well for our friends at one local firm in Olympia, Washington. They got an SBA loan for $1,135,000. Sweet! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender CITY 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/19/2003 Loan Approval Gross Amount $1,135,000 Loan Approval from the SBA Of the total $1,135,000 loan amount, the SBA guaranteed $851,250. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Olympia or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Lynnwood, Washington Banks for Small Business Getting an SBA Loan in Washington
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