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May 8, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Motor Vehicle Dealers Loan | ||||
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Getting a Small Business Loan in Seaside, Oregon
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Oregon Business Loan Issued to Motor Vehicle Dealers CompanySBA loans in Oregon are hard to find these days. We take a look at one Oregon SBA loan, provided by a Missouri bank, that was approved by the SBA. You can learn something about getting a small business loan in Seaside, Oregon by studying this loan to a local business, made back in 2001. Banks like Ge Cap. Small Business Finan Corp may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5521 - Motor Vehicle Dealers NAICS Code 441120 - Used Car Dealers Loan Approval Date 5/14/2001 Loan Approval Gross Amount $828,000 Loan Approval from the SBA Of the total $828,000 loan amount, the SBA guaranteed $621,000. 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 27 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks for St. Louis, Missouri Loans
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