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April 30, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Stillwater, Business Loans > Stillwater National Bank & Trust Stillwater Business Loans > Limited-Service Restaurants Loan | ||||
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Stillwater National Bank & Trust
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Stillwater National Bank & Trust SBA Loan to Limited-Service Restaurants CompanyStillwater National Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Washington entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Renton, Washington was able to borrow $62,600 from Stillwater National Bank & Trust. The SBA made the loan possible by guaranteeing $31,300 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender STILLWATER NATIONAL BANK & TRUST 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 722211 - Limited-Service Restaurants Loan Approval Date 1/31/2003 Loan Approval Gross Amount $62,600 Loan Approval from the SBA Of the total $62,600 loan amount, the SBA guaranteed $31,300. 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 loan application indicated that the borrowed money would help create 3 new jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Stillwater National Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Stillwater National Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Banks in Stillwater, Oklahoma Find an SBA Lender in Oklahoma
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