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May 2, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Seattle, Business Loans > Regal Financial Bank Seattle Business Loans > Apparel Accessories And Other Apparel Manufacturing Loan | ||||
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Get a Business Loan from Regal Financial Bank
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Regal Financial Bank SBA Loan to Apparel Accessories And Other Apparel Manufacturing CompanyRegal Financial Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Idaho entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Eagle, Idaho, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Regal Financial Bank, based in Seattle, Washington. SBA Loan Borrower COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING SBA Loan Lender REGAL FINANCIAL BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315999 - Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 10/31/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Seattle, Washington
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