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May 16, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Wilsonville, Business Loans > West Coast Bank Wilsonville Business Loans > General Freight Trucking, Local Loan | ||||
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Oregon SBA 7A Lenders
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Wilsonville, Oregon Bank Gives SBA Loan to General Freight Trucking, Local CompanyThinking about meeting with a Wilsonville, Oregon bank about a business loan? Here's one Washington business loan, issued by a Wilsonville bank, that was approved by the SBA. Applying for an SBA loan with West Coast Bank worked out well for our friends at one local business in Vancouver, Washington. The business was able to get an SBA loan for $10,000. Nice! SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender WEST COAST BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 12/1/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan If you are raising money in Vancouver WA, you ought to talk with a local Vancouver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vancouver businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like West Coast Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Best Wilsonville, Oregon Banks for Small Business
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