Where to Get Capital for Manufacturing

With these small business loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $355,750 was given to an Oregon entrepreneur in 2002.

Getting a small business loan in Redmond, Oregon was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Cascades, operating out of Bend, Oregon. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
REDMOND, OR 97756

SBA Loan Lender

BANK OF THE CASCADES
1070 NW BEND
BEND, OR 97701

When it made this small business loan, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

339999 - Manufacturing

Loan Approval Date

4/18/2002

Loan Approval Gross Amount

$355,750

Loan Approval from the SBA

Of the total $355,750 loan amount, the SBA guaranteed $266,813.

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 15 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Cascades so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Realistic Debt Financing Options

SBA Participating Banks in Bend, Oregon

Getting an SBA Loan in Oregon