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May 18, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Inland Northwest Bank Spokane Business Loans > Chiropractors Loan | ||||
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Liberity Lake, Washington Bank for SBA Loans
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Raising Money for ChiropractorsWith these bank loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $97,100 was given to a Washington entrepreneur in 2003. Getting a small business loan in Liberity Lake, Washington was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Inland Northwest Bank, operating out of Spokane, Washington. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender INLAND NORTHWEST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 1/21/2003 Loan Approval Gross Amount $97,100 Loan Approval from the SBA Of the total $97,100 loan amount, the SBA guaranteed $82,535. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 Inland Northwest 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks for Spokane, Washington Loans
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