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May 13, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Oak Harbor, Business Loans > Whidbey Island Bank Oak Harbor Business Loans > Flight Training Loan | ||||
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Whidbey Island Bank Small Business
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Business Loan from Whidbey Island Bank Given to Flight Training CompanyAn SBA loan from Whidbey Island 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 $170,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Whidbey Island Bank, out of Oak Harbor, Washington. The loan was granted and they received $170,000 to help grow their Bellingham, Washington business. SBA Loan Borrower COMPANY TYPE: FLIGHT TRAINING SBA Loan Lender WHIDBEY ISLAND BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611512 - Flight Training Loan Approval Date 6/24/2005 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $170,000 loan. Remember, feel the fear, and do it anyway. 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: Best Oak Harbor, Washington Banks for Small Business
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