Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Spanaway, Washington

 
Loan Census SBA Loan Info

Small business loans in Spanaway, Washington are available. You just need to talk to the right bank.

These materials were prepared for entrepreneurs in Spanaway, Washington who are interested in getting a bank loan.

Local Spanaway Lending Resources

Without further adieu, here's our list of small business banks in Spanaway.

Small Business Bank Recent SBA Loans
Anchor Bank  
Chalich Jody  
Columbia Bank - Spanaway  
Timberland Bank - Spanaway  
U S Bank - Branch Offices- Spanaway  

Lenders for Spanaway Businesses

This is a list of banks outside of Spanaway, Washington that have provided SBA loans to Spanaway businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
10
Boeing Empl Cu
Tukwila, WA
2
Capital One
Mclean, VA
1
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Golden, CO
1
Columbia State Bank
Tacoma, WA
3
Comerica Bank
Dallas, TX
2
Community W. Bank
Goleta, CA
1
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
2
Keybank National Association
Cleveland, OH
4
Kitsap Bank
Port Orchard, WA
1
Mirae Bank
Los Angeles, CA
3
U.S. Bank National Association
Cincinnati, OH
8
Valley Bank
Puyallup, WA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
San Jose, CA
5
Wilshire State Bank
Los Angeles, CA
1

Tips for Getting a Business Loan in Spanaway

Before contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Washington
Get a Business Loan in Snohomish
Get a Business Loan in Spokane

Browse All Business Loan Sources for Washington