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May 4, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Vancouver, Business Loans > First Independent Bank Vancouver Business Loans > Camperdown Management LLC Loan | ||||
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Raising Money in Vancouver, Washington With SBA Loans
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Washington Entrepreneur Secures Financing to Buy Bruchis Cheese Steak & Subs FranchiseBorrowing money to purchase a Bruchis Cheese Steak & Subs franchise? First Independent Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Vancouver, Washington needed money to invest in a Bruchis Cheese Steak & Subs franchise back in 2007. First Independent Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower CAMPERDOWN MANAGEMENT LLC SBA Loan Lender FIRST INDEPENDENT BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 3/21/2007 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bruchis Cheese Steak & Subs franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Independent Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Independent Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Banks in Vancouver, Washington
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