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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 > Support Activities For Transportation Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Borrowing Money for Support Activities for TransportationLooking for bank loans for support activities for transportation? Try the SBA. This $19,000 support activities for transportation loan was issued by an Oregon bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hillsboro, Oregon was able to borrow $19,000 from West Coast Bank. The SBA made the loan possible by guaranteeing $9,500 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR TRANSPORTATION SBA Loan Lender WEST COAST BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 488999 - Support Activities for Transportation Loan Approval Date 1/25/2007 Loan Approval Gross Amount $19,000 Loan Approval from the SBA Of the total $19,000 loan amount, the SBA guaranteed $9,500. 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. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Family and Friend Investors - Your First Financiers
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