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May 5, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Portland, Business Loans > Albina Community Bank Portland Business Loans > Women's Accessory And Specialty Stores Loan | ||||
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Oregon Bank SBA Loans
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Albina Community Bank SBA Loan to Women's Accessory And Specialty Stores CompanyWant an Oregon business loan? Here's one Oregon business loan that was approved by the SBA. This growing firm needed an SBA business loan in Portland, Oregon back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Albina Community Bank, operating out of Portland, Oregon. Here are the details on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S ACCESSORY AND SPECIALTY STORES SBA Loan Lender ALBINA COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5632 - Women's Accessory and Specialty Stores Loan Approval Date 7/31/2000 Loan Approval Gross Amount $52,000 Loan Approval from the SBA Of the total $52,000 loan amount, the SBA guaranteed $41,600. 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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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