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May 11, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Americanwest Bank Spokane Business Loans > General Freight Trucking, Local Loan | ||||
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SBA Lenders Washington
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Spokane, Washington Bank Gives SBA Loan to General Freight Trucking, Local CompanyThinking about meeting with a Spokane, Washington bank about an SBA loan? Here's one Washington business loan, issued by a Spokane bank, that was approved by the SBA. Applying for an SBA loan with Americanwest Bank worked out well for our friends at one local business in Moses Lake, Washington. They received an SBA loan for $170,700. Nice! SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender AMERICANWEST BANK This bank loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 12/30/2002 Loan Approval Gross Amount $170,700 Loan Approval from the SBA Of the total $170,700 loan amount, the SBA guaranteed $128,025. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Moses Lake WA, you ought to talk with a local Moses Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Moses Lake businesses. 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 Americanwest 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: Small Bank Loans in Spokane, Washington
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