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April 28, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Vancouver, Business Loans > Bank Of Clark County Vancouver Business Loans > Manufacturing Loan | ||||
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SBA 7A Banks for Portland, Oregon Small Business Owners
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Financing for ManufacturingLooking for commercial loans for manufacturing? The SBA may be the answer. This $60,000 manufacturing loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Portland, Oregon was able to borrow $60,000 from Bank Of Clark County. The SBA made the loan possible by guaranteeing $30,000 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender BANK OF CLARK COUNTY This lender processed this small business 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 339999 - Manufacturing Loan Approval Date 5/23/2007 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $30,000. 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 13 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Clark County and they will explain how you can get an SBA loan for your company. 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Vancouver, Washington
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