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May 2, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Direct Selling Establishments Loan | ||||
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Lake Oswego Lenders
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Lake Oswego, Oregon Bank Gives SBA Loan to Direct Selling Establishments CompanyA Lake Oswego, Oregon small business loan can be yours. Learn how one firm got a $699,000 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 Washington 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: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender WEST COAST BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 9/5/2003 Loan Approval Gross Amount $699,000 Loan Approval from the SBA Of the total $699,000 loan amount, the SBA guaranteed $524,250. 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 40 employees. The loan application indicated that the loan would help retain 40 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into West Coast Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Good Banks for Small Business in Lake Oswego, Oregon
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