Washington Entrepreneur Secures Financing to Buy Kabloom Franchise

Need money to invest in a Kabloom franchise? Banner Bank has a history of making these loans and they are guaranteed by the SBA.

Kabloom franchise loans are available to Mill Creek, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banner Bank, based in Walla Walla, Washington, issued an SBA franchise loan for a Kabloom franchise in 2004. We've got all the details on this Washington small business loan.

SBA Loan Borrower

KABLOOM
MILL CREEK, WA 98012

SBA Loan Lender

BANNER BANK
10 S FIRST AVE
WALLA WALLA, WA 99362

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$152,900

Loan Approval from the SBA

Of the total $152,900 loan amount, the SBA guaranteed $129,965.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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