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July 20, 2024  
 
 
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Raising Money in Everett, Washington With SBA Loans

 

 
Loan Census SBA Loan Info

Pacific City Bank Gives Small Business Loan to Hotels And Motels Company

Small business loans in Washington are are few and far betweeen these days. We take a look at one Washington small business loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Everett, Washington was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Pacific City Bank. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
Everett, WA 98203

SBA Loan Lender

PACIFIC CITY BANK
3701 WILSHIRE BLVD, STE 402
LOS ANGELES, CA 90010

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/24/2007

Loan Approval Gross Amount

$1,211,000

Loan Approval from the SBA

Of the total $1,211,000 loan amount, the SBA guaranteed $908,250.

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. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Everett or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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