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May 4, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Vancouver, Business Loans > Riverview Community Bank Vancouver Business Loans > Industrial Mold Manufacturing Loan | ||||
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Raising Money in Portland, Oregon With SBA Loans
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Bank Loans for Industrial Mold ManufacturingLooking for bank loans for industrial mold manufacturing? The SBA may be the answer. This $575,000 industrial mold manufacturing loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Portland, Oregon was able to borrow $575,000 from Riverview Community Bank. The SBA made the loan possible by guaranteeing $431,250 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MOLD MANUFACTURING SBA Loan Lender RIVERVIEW COMMUNITY BANK 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 333511 - Industrial Mold Manufacturing Loan Approval Date 12/28/2000 Loan Approval Gross Amount $575,000 Loan Approval from the SBA Of the total $575,000 loan amount, the SBA guaranteed $431,250. 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 22 employees. The loan application indicated that the loan would help retain 22 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $575,000 loan. Remember, if it to be, it is up to me! 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 SBA 7A Banks in Vancouver, Washington
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