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May 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Walla Walla, Business Loans > Banner Bank Walla Walla Business Loans > Clothing Stores Loan | ||||
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Washington Bank SBA Loans
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Bellingham, Washington Business Gets SBA-Guaranteed Funding from Banner BankAn SBA loan from Banner Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bellingham, Washington business owner got a $50,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bellingham, Washington was able to borrow $50,000 from Banner Bank. The SBA made the loan possible by guaranteeing $25,000 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender BANNER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448190 - Clothing Stores Loan Approval Date 7/22/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 13 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - How to Borrow Money SBA Participating Banks in Walla Walla, Washington
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