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

Requirements for Small Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Where to Get Capital for Real Estate Appraisers

Looking for small business loans for real estate appraisers? Try the SBA. This $195,500 real estate appraisers loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Portland, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
PORTLAND, OR 97214

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531320 - Real Estate Appraisers

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$195,500

Loan Approval from the SBA

Of the total $195,500 loan amount, the SBA guaranteed $146,625.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Startup Funding Tip

SBA 7A Lenders in Cincinnati, Ohio

Ohio SBA 7A Lenders