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May 18, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bellingham, Business Loans > Horizon Bank Bellingham Business Loans > Physicians Loan | ||||
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SBA Lenders for Mount Vernon, Washington Small Businesses
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Mount Vernon, Washington Entrepreneur Gets a Bank LoanWashingtonSmall business loans are available to Washington small business owners through the SBA. In this case, a Washington bank provides the loan. Getting a small business loan in Mount Vernon, Washington was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Horizon Bank. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender HORIZON BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621111 - Physicians Loan Approval Date 4/26/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - Friends and Family Good Banks for Small Business in Bellingham, Washington
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