Creswell, Oregon Bank Lends Money to Plumbing, Heating, And Air-Conditioning Company in Eugene, Oregon

Thinking about meeting with a Creswell, Oregon bank about a small business loan? Here's one Oregon business loan, issued by a Creswell bank, that was approved by the SBA.

Applying for an SBA loan with Siuslaw Bank worked out well for our friends at one local business in Eugene, Oregon. They received an SBA loan for $200,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
EUGENE, OR 97402

SBA Loan Lender

SIUSLAW BANK
265 E OREGON AVE
CRESWELL, OR 97426

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1711 - Plumbing, Heating, and Air-Conditioning

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 28 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Eugene OR, you ought to talk with a local Eugene SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eugene businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA Banks in Creswell, Oregon

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