Vancouver, Washington Bank Lends Money to Physical Fitness Facilities Company in Vancouver, Washington

Get to know Vancouver, Washington banks that specialize in SBA loans and know how to work with entrepreneurs. Columbia Community Cu is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Vancouver, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Columbia Community Cu. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
VANCOUVER, WA 98660

SBA Loan Lender

COLUMBIA COMMUNITY CU
703 BROADWAY ST
VANCOUVER, WA 98660

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/23/2003

Loan Approval Gross Amount

$194,675

Loan Approval from the SBA

Of the total $194,675 loan amount, the SBA guaranteed $146,006.

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 6 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Vancouver WA, you ought to talk with a local Vancouver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vancouver businesses.

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:

How to Raise Money

SBA Participating Banks in Vancouver, Washington

Washington SBA 7A Lenders