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May 16, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Vancouver, Business Loans > Columbia Community Cu Vancouver Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Raising Money in Vancouver, Washington With SBA Loans
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Raising Money for General Long-Distance Freight TruckingLooking for business loans for general long-distance freight trucking? The SBA may be the answer. This $146,700 general long-distance freight trucking loan was issued by a Washington bank. Getting a small business loan in Vancouver, Washington was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Columbia Community Cu, operating out of Vancouver, Washington. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender COLUMBIA COMMUNITY CU This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 3/4/2003 Loan Approval Gross Amount $146,700 Loan Approval from the SBA Of the total $146,700 loan amount, the SBA guaranteed $124,695. 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 did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Columbia Community Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: A Company That Helps Entrepreneurs SBA Banks in Vancouver, Washington
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