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May 14, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Walla Walla, Business Loans > Banner Bank Walla Walla Business Loans > Store Retailers Loan | ||||
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Raising Money in West Richland, Washington With SBA Loans
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How to Get a Loan for Store RetailersWith these business loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $100,000 was given to a Washington entrepreneur in 2004. This small business knew how to go about getting a business bank loan. Based in West Richland, Washington, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Banner Bank, based in Walla Walla, Washington. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender BANNER BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 3/11/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 only one employee. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banner Bank and they will explain how you can get an SBA loan for your company. 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 7A Banks in Walla Walla, Washington
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