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May 1, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Commercial Printing Loan | ||||
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Raising Money in Spokane, Washington With SBA Loans
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Commercial Printing Bank LoansLooking for bank loans for commercial printing? Talk to a banker who works with the SBA. This $382,500 commercial printing loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Spokane, Washington, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was U.S. Bank National Association, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This SBA loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 10/24/2005 Loan Approval Gross Amount $382,500 Loan Approval from the SBA Of the total $382,500 loan amount, the SBA guaranteed $286,875. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 U.S. Bank National Association 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. Related Links: SBA Approved Banks in San Diego, California
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