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April 26, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Seattle, Business Loans > Viking Bank Seattle Business Loans > Island Ink Jet South Hill Mall Loan | ||||
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Seattle, Washington Bank for SBA Loans
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Viking Bank Provides SBA Loan to Buy Island Ink-Jet Systems FranchiseBorrowing money to buy an Island Ink-Jet Systems franchise? Viking Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Island Ink-Jet Systems franchise? If so, here's a 2004 SBA franchise loan that you should know about. Viking Bank was the lender and the entrepreneur was based in Seattle, Washington. SBA Loan Borrower ISLAND INK JET SOUTH HILL MALL SBA Loan Lender VIKING BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811212 - Computer and Office Machine Repair and Maintenance Loan Approval Date 12/21/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Island Ink-Jet Systems franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Seattle, Washington
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