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May 18, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Gresham, Business Loans > Mbank Gresham Business Loans > Eating Places Loan | ||||
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Gresham, Oregon Bank for SBA Loans
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Gresham, Oregon Lender Lends Money to Eating Places CompanyThinking about meeting with a Gresham, Oregon bank about a small business loan? Here's one Oregon business loan, issued by a Gresham bank, that was approved by the SBA. Applying for an SBA loan with Mbank worked out well for our friends at one local firm in Gresham, Oregon. The business was able to get an SBA loan for $275,000. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender MBANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business 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 5812 - Eating Places Loan Approval Date 2/29/2000 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. 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 40 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to find business people willing to loan money, 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: Banking Deregulation's Effects on Entrepreneurship Best Gresham, Oregon Banks for Small Business
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