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May 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Kirkland, Business Loans > Frontier Bank Kirkland Business Loans > Engineering Services Loan | ||||
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SBA Lender Kirkland
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Kirkland, Washington Lender Lends Money to Engineering Services CompanyThinking about meeting with a Kirkland, Washington bank about a small business loan? Here's one Washington business loan, issued by a Kirkland bank, that was approved by the SBA. Applying for an SBA loan with Frontier Bank worked out well for our friends at one local business in Bellevue, Washington. The business was able to get an SBA loan for $75,000. Great job! SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender FRONTIER BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8711 - Engineering Services NAICS Code 541330 - Engineering Services Loan Approval Date 4/13/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. 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 9 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Frontier 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Kirkland, Washington
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