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May 4, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Commercial Bakeries Loan | ||||
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How to Get a Business Loan in Portland, Oregon
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Portland, Oregon Entrepreneur Gets a Business LoanOregonBusiness loans are available to Oregon business owners through the SBA. In this case, an Oregon bank provides the loan. This small business, based in Portland, Oregon, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from West Coast Bank. We've got the inside scoop on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender WEST COAST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 311812 - Commercial Bakeries Loan Approval Date 11/6/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 87 employees. The loan application indicated that the loan would help retain 87 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in Portland OR, you ought to talk with a local Portland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Portland businesses. We can help you find the best banks for small businesses in Portland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 SBA 7A Banks for Lake Oswego, Oregon Loans
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