Financing for Coastal and Great Lakes Passenger Transportation

Looking for loans for coastal and great lakes passenger transportation? The SBA may be the answer. This $242,000 coastal and great lakes passenger transportation loan was issued by a Washington bank.

Getting a small business loan in Anacortes, Washington was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Horizon Bank, operating out of Burlington, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: COASTAL AND GREAT LAKES PASSENGER TRANSPORTATION
ANACORTES, WA 98221

SBA Loan Lender

HORIZON BANK
1020 S BURLINGTON BLVD
BURLINGTON, WA 98233

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

483114 - Coastal and Great Lakes Passenger Transportation

Loan Approval Date

4/14/2003

Loan Approval Gross Amount

$242,000

Loan Approval from the SBA

Of the total $242,000 loan amount, the SBA guaranteed $181,500.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Burlington, Washington Loans

Getting an SBA Loan in Washington