Loan to Buy Color Me Mine Franchising, Inc Franchise Issued By Venture Bank

Borrowing money to buy a Color Me Mine Franchising, Inc franchise? Venture Bank has a history of making these loans and they are guaranteed by the SBA.

Color Me Mine Franchising, Inc franchise loans are available to Yelm, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Venture Bank, based in Lacey, Washington, issued an SBA franchise loan for a Color Me Mine Franchising, Inc franchise in 2004. We've got all the details on this Washington small business loan.

SBA Loan Borrower

COLOR ME MINE OF GREATER OLYM
YELM, WA 98597

SBA Loan Lender

VENTURE BANK
721 COLLEGE ST SE
LACEY, WA 98503

This lender issued this particular loan for a small business 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

327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Color Me Mine Franchising, Inc franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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.

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 Venture 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.

Related Links:

Color Me Mine Enterprises

Direct Public Offerings

SBA 7A Lenders in Lacey, Washington

SBA Lenders in Washington