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May 17, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Wilsonville, Business Loans > West Coast Bank Wilsonville Business Loans > Hardware Merchant Wholesalers Loan | ||||
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Wilsonville, Oregon Bank for SBA Loans
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Entrepreneur Works With Wilsonville, Oregon Bank to Get an SBA LoanWant to talk with a Wilsonville, Oregon bank about a small business loan? Here's one Oregon business loan, issued by a Wilsonville bank, that was approved by the SBA. Applying for an SBA loan with West Coast Bank worked out well for our friends at one local company in Hillsboro, Oregon. They received an SBA loan for $660,000. Awesome! SBA Loan Borrower COMPANY TYPE: HARDWARE MERCHANT WHOLESALERS SBA Loan Lender WEST COAST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423710 - Hardware Merchant Wholesalers Loan Approval Date 12/19/2007 Loan Approval Gross Amount $660,000 Loan Approval from the SBA Of the total $660,000 loan amount, the SBA guaranteed $495,000. 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 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into West Coast Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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