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April 19, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > State Bank Northwest Spokane Business Loans > Dr. Vinyl Loan | ||||
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Business Loans for Spokane Entrepreneurs
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State Bank Northwest Provides SBA Loan to Buy Dr. Vinyl vinyl Uphol., Etc. FranchiseNeed money to purchase a Dr. Vinyl vinyl Uphol., Etc. franchise? State Bank Northwest has a history of making these loans and they are guaranteed by the SBA. If you live near Spokane, Washington and are interested in buying a Dr. Vinyl vinyl Uphol., Etc. franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by State Bank Northwest. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DR. VINYL SBA Loan Lender STATE BANK NORTHWEST This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811490 - Personal and Household Goods Repair and Maintenance Loan Approval Date 3/6/2002 Loan Approval Gross Amount $41,500 Loan Approval from the SBA Of the total $41,500 loan amount, the SBA guaranteed $35,275. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dr. Vinyl vinyl Uphol., Etc. franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank Northwest and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Dr. Vinyl and Associates, Ltd. Good Banks for Small Business in Spokane, Washington Browse All Business Loan Sources for Washington
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