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May 4, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Olympia, Business Loans > Columbia State Bank Olympia Business Loans > Armature Rewinding Shops Loan | ||||
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Portland SBA Loans
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Portland, Oregon Entrepreneur Gets a Bank LoanWould an Oregon SBA loan help your business get to the next level? If so, you may want to talk with this Washington bank, which offers SBA loans to Oregon entrepreneurs. By giving the right information to Columbia State Bank, this Portland, Oregon business was able to get an SBA loan. To get this loan, the applying company 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: ARMATURE REWINDING SHOPS SBA Loan Lender COLUMBIA STATE BANK This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7694 - Armature Rewinding Shops NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 9/6/2002 Loan Approval Gross Amount $950,000 Loan Approval from the SBA Of the total $950,000 loan amount, the SBA guaranteed $712,500. 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 18 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Columbia State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Participating Banks in Olympia, Washington Find an SBA Lender in Washington
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