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May 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lynden, Business Loans > Peoples Bank Lynden Business Loans > Landscaping Services Loan | ||||
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Washington Bank SBA Loans
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Lynden, Washington Bank Gives SBA Loan to Landscaping Services CompanyGet SBA loans from a Lynden, Washington bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Peoples Bank is a Lynden, Washington small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Washington company. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender PEOPLES BANK This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 9/15/2004 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Peoples Bank 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Lynden, Washington
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