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May 12, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Americanwest Bank Spokane Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Financing for Snack and Nonalcoholic Beverage BarsLooking for loans for snack and nonalcoholic beverage bars? The SBA may be the answer. This $259,000 snack and nonalcoholic beverage bars loan was issued by a Washington bank. Getting a small business loan in Yakima, Washington was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Americanwest Bank, operating out of Spokane, Washington. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender AMERICANWEST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 4/16/2007 Loan Approval Gross Amount $259,000 Loan Approval from the SBA Of the total $259,000 loan amount, the SBA guaranteed $194,250. 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 15 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 3 new jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Americanwest 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: Accountant's Role in Securing Financing SBA 7A Banks in Spokane, Washington Browse All Business Loan Sources for Washington
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