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May 6, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Seattle, Business Loans > Seattle Economic Devel Fund Db Seattle Business Loans > Drinking Places Loan | ||||
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I Need an SBA 7A Loan in Tacoma, Washington
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Drinking Places Commercial LoansLooking for commercial loans for drinking places? An SBA loan may be just what you've been looking for. This $153,000 drinking places loan was issued by a Washington bank. This business knew how to go about getting a business bank loan. Based in Tacoma, Washington, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Seattle Economic Devel Fund Db, based in Seattle, Washington. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender SEATTLE ECONOMIC DEVEL FUND DB This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722410 - Drinking Places Loan Approval Date 3/2/2005 Loan Approval Gross Amount $153,000 Loan Approval from the SBA Of the total $153,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Tacoma or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 7A Banks in Seattle, Washington
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