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April 29, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Portland, Business Loans > Capital Pacific Bank Portland Business Loans > Ice Manufacturing Loan | ||||
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Capital Pacific Bank
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Capital Pacific Bank SBA Loan to Ice Manufacturing CompanyCapital Pacific Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oregon entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Coos Bay, Oregon, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Capital Pacific Bank, based in Portland, Oregon. SBA Loan Borrower COMPANY TYPE: ICE MANUFACTURING SBA Loan Lender CAPITAL PACIFIC BANK 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 312113 - Ice Manufacturing Loan Approval Date 4/26/2007 Loan Approval Gross Amount $1,035,300 Loan Approval from the SBA Of the total $1,035,300 loan amount, the SBA guaranteed $776,475. 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 20 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 20 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital Pacific Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Business Banks in Portland, Oregon
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