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April 29, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Apparel Accessories And Other Apparel Manufacturing Loan | ||||
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Best Banks for Small Business Owners in Oregon
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Oregon SBA Loan Issued to Apparel Accessories And Other Apparel Manufacturing CompanyOregonBusiness loans are available to Oregon business owners through the SBA. In this case, a California bank provides the loan. This small business, based in Hermiston, Oregon, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of The West. We've got the inside scoop on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315999 - Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 9/18/2001 Loan Approval Gross Amount $599,000 Loan Approval from the SBA Of the total $599,000 loan amount, the SBA guaranteed $449,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Hermiston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Where to Get an SBA Loan in Truckee, California
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