East Wenatchee, Washington Bank Lends Money to Family Clothing Stores Company in Quincy, Washington

Find East Wenatchee, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Cashmere Valley Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Quincy, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Cashmere Valley Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
QUINCY, WA 98208

SBA Loan Lender

CASHMERE VALLEY BANK
199 VALLEY MALL PKWY
EAST WENATCHEE, WA 98802

When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

12/23/2004

Loan Approval Gross Amount

$123,400

Loan Approval from the SBA

Of the total $123,400 loan amount, the SBA guaranteed $104,890.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Cashmere Valley 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.

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