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May 3, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Burlington, Business Loans > Whidbey Island Bank Burlington Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Commercial Loans for Snack and Nonalcoholic Beverage BarsWith these commercial loans for snack and nonalcoholic beverage bars, the SBA guarantees the lender that the loan will be repaid. This snack and nonalcoholic beverage bars loan for $290,600 was given to a Washington entrepreneur in 2008. This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Whidbey Island Bank, out of Burlington, Washington. The loan was granted and they received $290,600 to help grow their Seattle, Washington business. SBA Loan Borrower COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender WHIDBEY ISLAND BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 1/11/2008 Loan Approval Gross Amount $290,600 Loan Approval from the SBA Of the total $290,600 loan amount, the SBA guaranteed $217,950. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 78 employees. The SBA loan application for the borrower indicated that the loan would help generate 33 new jobs and retain 78 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Whidbey Island Bank and they will explain how you can get an SBA loan for your company. 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 7A Banks for Burlington, Washington Loans Where to Get an SBA Loan Washington
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