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May 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Centralia, Business Loans > Security State Bank Centralia Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Centralia Bank Loan
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Centralia, Washington Lender Lends Money to Automotive Body, Paint, And Interior Repair And Maintenance CompanyA Centralia, Washington SBA loan can be yours. Learn how a company got a $80,700 business loan from this Washington bank. This loan to an entrepreneur is a good example of an SBA loan. Security State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender SECURITY STATE BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 5/26/2005 Loan Approval Gross Amount $80,700 Loan Approval from the SBA Of the total $80,700 loan amount, the SBA guaranteed $68,595. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in Centralia, Washington
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