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January 29, 2023  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Bellingham, Washington?

 

 
Loan Census SBA Loan Info

Borrowing Money for Heavy and Civil Engineering Construction

Looking for loans for heavy and civil engineering construction? Talk to a banker who works with the SBA. This $150,000 heavy and civil engineering construction loan was issued by a Washington bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank Of The Pacific, out of Aberdeen, Washington. The loan was granted and they received $150,000 to help grow their Bellingham, Washington business.

SBA Loan Borrower

COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION
BELLINGHAM, WA 98228

SBA Loan Lender

BANK OF THE PACIFIC
300 E MARKET ST
ABERDEEN, WA 98520

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237990 - Heavy and Civil Engineering Construction

Loan Approval Date

5/27/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 18 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The Pacific and they will explain how you can get an SBA loan for your company.

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 Aberdeen, Washington Loans

Washington SBA 7A Lenders