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May 17, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Longview, Business Loans > Twin City Bank Longview Business Loans > Business Consulting Services Loan | ||||
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Washington Business Loans from Twin City Bank
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Business Loan from Twin City Bank Given to Business Consulting Services CompanyAn SBA loan from Twin City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brush Prairie, Washington business owner got a $100,000 loan. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Twin City Bank, out of Longview, Washington. The loan was granted and they received $100,000 to help grow their Brush Prairie, Washington business. SBA Loan Borrower COMPANY TYPE: BUSINESS CONSULTING SERVICES SBA Loan Lender TWIN CITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8748 - Business Consulting Services NAICS Code 541618 - Management Consulting Services Loan Approval Date 11/12/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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 Twin City 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: Borrowing Money from Friends and Family Best Banks in Longview, Washington Where to Get an SBA Loan Washington
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