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May 4, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Industrial Process Measurement, Display And Control Instruments Loan | ||||
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Oregon Small Business SBA Loans
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Bank Of The West Gives Business Loan to Industrial Process Measurement, Display And Control Instruments CompanyWould an Oregon bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this California bank, which offers SBA loans to Oregon entrepreneurs. This company, 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 Bank Of The West. We've got the inside scoop on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL PROCESS MEASUREMENT, DISPLAY AND CONTROL INSTRUMENTS SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334513 - Industrial Process Measurement, Display and Control Instruments Loan Approval Date 8/27/2001 Loan Approval Gross Amount $380,000 Loan Approval from the SBA Of the total $380,000 loan amount, the SBA guaranteed $285,000. 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 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Bank Of The West 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: SBA Participating Banks in Truckee, California Getting a Business Loan in California
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