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May 6, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Washington Trust Bank Spokane Business Loans > Ice Manufacturing Loan | ||||
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We Needed an SBA 7A Loan in Spokane, Washington and We Got One!
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Ice Manufacturing SBA LoansLooking for SBA loans for ice manufacturing? Try the SBA. This $750,000 ice manufacturing loan was issued by a Washington bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Washington Trust Bank, out of Spokane, Washington. The loan was granted and they received $750,000 to help grow their Spokane, Washington business. SBA Loan Borrower COMPANY TYPE: ICE MANUFACTURING SBA Loan Lender WASHINGTON TRUST BANK This small business loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312113 - Ice Manufacturing Loan Approval Date 1/14/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists Good Banks for Small Business in Spokane, Washington
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