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May 16, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Snohomish, Business Loans > First Heritage Bank Snohomish Business Loans > Child Day Care Services Loan | ||||
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Washington Bank SBA Loans
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SBA Loan from First Heritage Bank Helps Child Day Care Services CompanyAn SBA loan from First Heritage Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Snohomish, Washington business owner got a $151,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Snohomish, Washington was able to borrow $151,000 from First Heritage Bank. The SBA made the loan possible by guaranteeing $113,250 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST HERITAGE BANK This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a thorough understanding of SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 2/25/2003 Loan Approval Gross Amount $151,000 Loan Approval from the SBA Of the total $151,000 loan amount, the SBA guaranteed $113,250. 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 5 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Snohomish 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: Best Banks for Small Business in Snohomish, Washington
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