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May 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bellingham, Business Loans > Peoples Bank Bellingham Business Loans > Local Trucking Without Storage Loan | ||||
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Banks Doing SBA Loans in Washington
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Entrepreneur Works With Bellingham, Washington Bank to Get an SBA LoanA Bellingham, Washington business loan can be yours. Learn how one firm got a $51,500 business loan from this Washington bank. This loan to a local firm is a good example of an SBA loan. Peoples Bank made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender PEOPLES BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage Loan Approval Date 4/20/2000 Loan Approval Gross Amount $51,500 Loan Approval from the SBA Of the total $51,500 loan amount, the SBA guaranteed $41,200. 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 3 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Participating Banks in Bellingham, Washington Browse All Business Loan Sources for Washington
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