Sporting Goods Stores Commercial Loans

Looking for commercial loans for sporting goods stores? The SBA may be the answer. This $50,000 sporting goods stores loan was issued by an Oregon bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Chetco Fcu, out of Harbor, Oregon. The loan was granted and they received $50,000 to help grow their Brookings, Oregon business.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
BROOKINGS, OR 97415

SBA Loan Lender

CHETCO FCU
16147 HWY 101 SOUTH
HARBOR, OR 97415

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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