Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks in Washington

 

 
Loan Census SBA Loan Info

Business Loans for Reconstituted Wood Product Manufacturing

With these business loans for reconstituted wood product manufacturing, the SBA guarantees the lender that the loan will be repaid. This reconstituted wood product manufacturing loan for $200,000 was given to a Washington entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with West Coast Bank, out of Lake Oswego, Oregon. The loan was granted and they received $200,000 to help grow their Washougal, Washington business.

SBA Loan Borrower

COMPANY TYPE: RECONSTITUTED WOOD PRODUCT MANUFACTURING
WASHOUGAL, WA 98671

SBA Loan Lender

WEST COAST BANK
5335 MEADOWS RD
LAKE OSWEGO, OR 97035

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321219 - Reconstituted Wood Product Manufacturing

Loan Approval Date

9/27/2006

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. This loan was not for a franchise. At the time of the loan, the company had 24 employees. The loan application indicated that the loan would help retain 24 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Equity Financing

Where to Get an SBA Loan in Lake Oswego, Oregon

Oregon SBA 7A Banks