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May 10, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Port Townsend, Business Loans > Kitsap Bank Port Townsend Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Kitsap Bank Port Townsend
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Kitsap Bank SBA Loan to Fitness And Recreational Sports Centers CompanyKitsap Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Washington entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Port Townsend, Washington, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Kitsap Bank, based in Port Townsend, Washington. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender KITSAP BANK This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 10/5/2004 Loan Approval Gross Amount $147,878 Loan Approval from the SBA Of the total $147,878 loan amount, the SBA guaranteed $125,696. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Kitsap Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Find an SBA Lender in Port Townsend, Washington
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