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May 13, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Wenatchee, Business Loans > Banner Bank Wenatchee Business Loans > Car Washes Loan | ||||
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Washington Bank SBA Loans
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Wenatchee, Washington Bank Gives SBA Loan to Car Washes CompanyThinking about meeting with a Wenatchee, Washington bank about a small business loan? Here's one Washington business loan, issued by a Wenatchee bank, that was approved by the SBA. Applying for an SBA loan with Banner Bank worked out well for our friends at one local firm in Soap Lake, Washington. They got an SBA loan for $442,500. Sweet! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BANNER BANK This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 7/18/2006 Loan Approval Gross Amount $442,500 Loan Approval from the SBA Of the total $442,500 loan amount, the SBA guaranteed $331,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $442,500. How would you spend $442,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Approved Banks in Wenatchee, Washington Where to Get an SBA Loan Washington
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