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May 11, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Tacoma, Business Loans > Columbia State Bank Tacoma Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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Get a Business Loan from Columbia State Bank
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Columbia State Bank SBA Loan to Top And Body Repair And Paint Shops CompanyAn SBA loan from Columbia State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Spanaway, Washington business owner got a $207,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Spanaway, Washington was able to borrow $207,000 from Columbia State Bank. The SBA made the loan possible by guaranteeing $155,250 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender COLUMBIA STATE BANK When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 7/18/2002 Loan Approval Gross Amount $207,000 Loan Approval from the SBA Of the total $207,000 loan amount, the SBA guaranteed $155,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $207,000 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: Getting an SBA Loan in Washington
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