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July 9, 2020  
 
 
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City Bank Franchise Business Loans

 

 
Loan Census SBA Loan Info

Washington Entrepreneur Secures Financing to Buy Wheelchair Getaways transp. Serv. Franchise

Borrowing money to purchase a Wheelchair Getaways transp. Serv. franchise? City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wheelchair Getaways transp. Serv. franchise requires some effort but others before you have been successful. In 2002, City Bank issued an SBA franchise loan to an entrepreneur in Seattle, Washington. Because Wheelchair Getaways transp. Serv. was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

PACIFIC NORTHWEST WHEELCHAIR G
SEATTLE, WA 98133

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532111 - Passenger Car Rental

Loan Approval Date

8/7/2002

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wheelchair Getaways transp. Serv. franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into City Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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