 |
 |
April 29, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arizona Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Industrial Building Construction Loan | ||||
 |
||||
Spokane Bank Loan
|
||||
 |
Spokane, Washington Lender Lends Money to Industrial Building Construction CompanyWant to talk with a Spokane, Washington bank about a small business loan? Here's one Arizona business loan, issued by a Spokane bank, that was approved by the SBA. Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local company in Phoenix, Arizona. They got an SBA loan for $882,000. Nice! SBA Loan Borrower COMPANY TYPE: INDUSTRIAL BUILDING CONSTRUCTION SBA Loan Lender STERLING SAVINGS 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 236210 - Industrial Building Construction Loan Approval Date 7/20/2007 Loan Approval Gross Amount $882,000 Loan Approval from the SBA Of the total $882,000 loan amount, the SBA guaranteed $661,500. 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 29 employees. The loan application indicated that the loan would help generate 11 new jobs and retain 29 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Accountant's Role in Securing Financing SBA Participating Banks in Washington
|
|
||
|
||||
|
|
||||