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May 2, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Liquefied Petroleum Gas Dealers Loan | ||||
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Oregon SBA Loan from West Coast Bank
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West Coast Bank SBA Loan to Liquefied Petroleum Gas Dealers CompanyAn SBA loan from West Coast Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Donald, Oregon business owner got a $85,000 loan. Getting a small business loan in Donald, Oregon was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from West Coast Bank, operating out of Lake Oswego, Oregon. Here are the details on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS SBA Loan Lender WEST COAST 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 454312 - Liquefied Petroleum Gas Dealers Loan Approval Date 7/1/2003 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $63,750. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, 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. Related Links: SBA 7A Banks for Lake Oswego, Oregon Loans
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