Wenatchee, WA Entrepreneur Gets SBA Loan to Buy Abbey Carpet Franchise

Need a loan to purchase an Abbey Carpet franchise? Cashmere Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Abbey Carpet franchise is doable. In 2004, Cashmere Valley Bank issued an SBA franchise loan to an entrepreneur in Wenatchee, Washington. Because Abbey Carpet was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

REESE'S CARPETS
WENATCHEE, WA 98801

SBA Loan Lender

CASHMERE VALLEY BANK
199 VALLEY MALL PKWY
EAST WENATCHEE, WA 98802

When this loan was made, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to provide rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

3/25/2004

Loan Approval Gross Amount

$99,663

Loan Approval from the SBA

Of the total $99,663 loan amount, the SBA guaranteed $84,714.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Abbey Carpet franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cashmere Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Abbey Carpet

Small Business Loan

Banks in East Wenatchee, Washington

Washington SBA 7A Lenders