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May 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Pasco, Business Loans > Bank Of Whitman Pasco Business Loans > Lessors Of Residential Buildingsv And Dwellings Loan | ||||
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Washington SBA 7A Lenders
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Entrepreneur Works With Pasco, Washington Bank to Get an SBA LoanGet to know Pasco, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Bank Of Whitman is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Richland, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Bank Of Whitman. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: LESSORS OF RESIDENTIAL BUILDINGSV AND DWELLINGS SBA Loan Lender BANK OF WHITMAN This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531110 - Lessors of Residential Buildingsv and Dwellings Loan Approval Date 11/18/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 11 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Richland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Pasco, Washington
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