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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Medford, Business Loans > Washington Mutual Bank Medford Business Loans > Computer Peripheral Equipment Loan | ||||
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Oregon Bank SBA Loans
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Washington Mutual Bank SBA Loan to Computer Peripheral Equipment CompanyWant an Utah small business loan? Here's one Utah business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Salt Lake City, Utah, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Washington Mutual Bank, based in Medford, Oregon. SBA Loan Borrower COMPANY TYPE: COMPUTER PERIPHERAL EQUIPMENT SBA Loan Lender WASHINGTON MUTUAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3577 - Computer Peripheral Equipment Loan Approval Date 8/21/2000 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Washington Mutual Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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?
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