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May 13, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Beaverton, Business Loans > Pinnacle Bank Beaverton Business Loans > Insurance Agents And Brokers Loan | ||||
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I Need a Loan in Hillsboro, Oregon
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Small Business Loans for Insurance Agencies and BrokeragesLooking for small business loans for insurance agencies and brokerages? The SBA may be the answer. This $300,000 insurance agencies and brokerages loan was issued by an Oregon bank. Getting a small business loan in Hillsboro, Oregon was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Pinnacle Bank, operating out of Beaverton, Oregon. Here are the details on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender PINNACLE BANK 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 loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 2/10/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pinnacle Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Who Lends Money to Small Businesses in Beaverton, Oregon
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