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May 8, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Medford, Business Loans > People's Bank Of Commerce Medford Business Loans > Operative Builders Loan | ||||
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People's Bank Of Commerce SBA 7A Loans
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Get an SBA Loan for Single Family Housing ConstructionWith these loans for single family housing construction, the SBA guarantees the lender that the loan will be repaid. This single family housing construction loan for $500,000 was given to an Oregon entrepreneur in 2001. This company knew how to go about getting a business bank loan. Based in Central Point, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was People's Bank Of Commerce, based in Medford, Oregon. SBA Loan Borrower COMPANY TYPE: OPERATIVE BUILDERS SBA Loan Lender PEOPLE'S BANK OF COMMERCE The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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 1531 - Operative Builders NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 5/7/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $500,000 loan. Remember, fight for what you want, and it will be yours! 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: Small Bank Loans in Medford, Oregon SBA Participating Banks in Oregon
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