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May 2, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Federal Way, Business Loans > Heritage Bank Federal Way Business Loans > Great Harvest Bread Co Loan | ||||
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Seattle, Washington Bank Loan
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Heritage Bank Provides SBA Loan to Buy Great Harvest Bread Co. FranchiseNeed a loan to invest in a Great Harvest Bread Co. franchise? Heritage Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Seattle, Washington needed money to invest in a Great Harvest Bread Co. franchise back in 2004. Heritage Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower GREAT HARVEST BREAD CO SBA Loan Lender HERITAGE BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program involves 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 445291 - Baked Goods Stores Loan Approval Date 5/14/2004 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. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Seattle WA, you ought to talk with a local Seattle SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Seattle businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Federal Way, Washington
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