Oregon SBA Loan Issued to Shoe Stores Company
Would an Oregon small business loan help your small business to grow and prosper? If so, you may want to talk with this Oregon bank, which offers SBA loans to Oregon entrepreneurs.
Getting a small business loan in Cottage Grove, Oregon was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Siuslaw Bank. Here are the details on this Oregon small business loan.
SBA Loan Borrower
COMPANY TYPE: SHOE STORES
COTTAGE GROVE, OR 97424
SBA Loan Lender
SIUSLAW BANK
25 GATEWAY BLVD
COTTAGE GROVE, OR 97424
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448210 - Shoe Stores
Loan Approval Date
4/21/2003
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $34,000.
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 loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
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