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May 1, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Portland, Business Loans > West Coast Bank Portland Business Loans > Crushed And Broken Stone Loan | ||||
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SBA Lenders Oregon
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Portland, Oregon Bank Gives SBA Loan to Crushed And Broken Stone CompanyA Portland, Oregon business loan can be yours. Learn how a company got a $675,000 business loan from this Oregon bank. This loan to a local firm is a good example of an SBA loan. West Coast Bank made the loan and the SBA guaranteed a portion of the loan. Many other Oregon entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CRUSHED AND BROKEN STONE SBA Loan Lender WEST COAST BANK This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and are well trained in SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1429 - Crushed and Broken Stone NAICS Code 212319 - Crushed and Broken Stone Mining and Quarrying Loan Approval Date 4/19/2000 Loan Approval Gross Amount $675,000 Loan Approval from the SBA Of the total $675,000 loan amount, the SBA guaranteed $382,725. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $675,000 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. Related Links: SBA Participating Banks in Portland, Oregon
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