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May 8, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Medford, Business Loans > People's Bank Of Commerce Medford Business Loans > Pharmacies And Drug Stores Loan | ||||
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How to Get an SBA Loan in Jacksonville, Oregon
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People's Bank Of Commerce Gives Business Loan to Pharmacies And Drug Stores CompanyWould an Oregon business loan help your company expand? If so, you may want to talk with this Oregon bank, which offers SBA loans to Oregon entrepreneurs. By giving the right information to People's Bank Of Commerce, this Jacksonville, Oregon business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender PEOPLE'S BANK OF COMMERCE This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 10/20/2003 Loan Approval Gross Amount $87,500 Loan Approval from the SBA Of the total $87,500 loan amount, the SBA guaranteed $74,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $87,500. How would you spend $87,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks for Small Business in Medford, Oregon
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