Loan Census Banking News and Information
April 30, 2024  
 
 
  Business Loan Information  
 

Portland, Oregon Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Company Gets an Oregon Business Loan

Searching for an Oregon SBA loan? This Oregon entrepreneur got an SBA loan, provided by a Nevada bank that works with the SBA to help small business owners.

This 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 Washington Mutual Bank. We've got the inside scoop on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: PODIATRISTS
PORTLAND, OR 97219

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621391 - Podiatrists

Loan Approval Date

10/22/2003

Loan Approval Gross Amount

$278,000

Loan Approval from the SBA

Of the total $278,000 loan amount, the SBA guaranteed $208,500.

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 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $278,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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