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Small Business Lending - SBA Services


The Bank of Washington Difference


Unlike other banks, at the Bank of Washington, we see you as more than just another loan customer. As a community bank, we take pride in our business and believe in serving our customers just as well as you believe in serving your own. We understand it takes a strong work ethic to build something from the ground up, and, just like you, we respect and honor good relationships.

When it comes to investing in your business, we think of it as a partnership. If you succeed, we succeed. We will do what we can to help you achieve your business goals, and we will be there to help you celebrate when those goals are met.

It's more than just a loan. It's a relationship. It's why we are the Bank of Washington.


Click here to download our Small Business Loan Informational Worksheet to get started.

Click here to download our SBA Loan Packaging Checklist.

Click here to download our Management Resume Template.

Click here to download the Personal Financial Statement form.



SBA Loan Comparisons:

SBA 7(a) SBA 504 SBAExpress SBA Patriot Express SBA Export
International Trade
Loan Type Term Note Term Note Term Note or
Line of Credit
Term Note or
Line of Credit
Term Note
Best Used For Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above. Purchase long term fixed asset such as commercial real estate or large piece of equipment. Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above. Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above. Business must be 51% owned by veteran or spouse of veteran. Working Capital, equipment, facility improvement & debt refinance related to International Trade or Exporting business activity.
Maturity 5-10 years for working capital and equipment, 25 years for real estate. 10 or 20 year term. 7 years for lines of credit, 5-10 years for working capital and equipment, 25 years for real estate. 7 years for lines of credit, 5-10 years for working capital and equipment, 25 years for real estate. Up to 25 years.
Maximum Loan
Amount
$5 million SBA loan $5.5 million, no project maximum $350,000 $500,000 $5 million
Interest Rate
Options
Variable or Fixed Fixed Variable or Fixed Variable or Fixed Variable or Fixed
Collateral
Requirements
No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. 90% of project value related to property purchased, commercial real estate must be a minimum of 51% owner occupied. No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied.

For more information contact:
Larry Cresswell
Vice President
SBA Lending
NMLS 883669
lcresswell@bankofwashington.com




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