Banner Bank Gives Business Loan to Engineered Wood Member Manufacturing Company

Would a Washington bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Washington bank, which offers SBA loans to Washington entrepreneurs.

Getting a small business loan in Spokane Valley, Washington was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Banner Bank. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERED WOOD MEMBER MANUFACTURING
SPOKANE VALLEY, WA 99216

SBA Loan Lender

BANNER BANK
N 25 MULLAN
SPOKANE, WA 99206

This loan for a small business was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321213 - Engineered Wood Member Manufacturing

Loan Approval Date

7/20/2004

Loan Approval Gross Amount

$1,348,147

Loan Approval from the SBA

Of the total $1,348,147 loan amount, the SBA guaranteed $1,011,110.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 39 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banner 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.

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