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May 16, 2024  
 
 
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Loan Census SBA Loan Info

Vancouver, Washington Bank Gives SBA Loan to Homes For The Elderly Company

Get small business loans from a Vancouver, Washington bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Columbia Community Cu is a Vancouver, Washington small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Washington company.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
VANCOUVER, WA 98685

SBA Loan Lender

COLUMBIA COMMUNITY CU
703 BROADWAY ST, STE 500
VANCOUVER, WA 98660

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

7/14/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 33 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $40,000. How would you spend $40,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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