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May 3, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Los Angeles, Business Loans > Saehan Bank Los Angeles Business Loans > Hotels And Motels Loan | ||||
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Banks for Newport Businesses
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Local Business Gets an Oregon Small Business LoanBusiness loans in Oregon are tough to come by these days. We take a look at one Oregon business loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Newport, Oregon was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Saehan Bank. Here are the details on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender SAEHAN BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/16/2006 Loan Approval Gross Amount $528,000 Loan Approval from the SBA Of the total $528,000 loan amount, the SBA guaranteed $396,000. 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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $528,000 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: Advice on Getting a Small Business Loan Small Business Banks in Los Angeles, California
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