Growing Company Gets an Oregon Bank Loan

Would an Oregon bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Oregon bank, which offers SBA loans to Oregon entrepreneurs.

Getting a small business loan in Albany, Oregon was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Umpqua Bank. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
ALBANY, OR 97321

SBA Loan Lender

UMPQUA BANK
5251 MAIN ST
SPRINGFIELD, OR 97478

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

9/19/2002

Loan Approval Gross Amount

$106,700

Loan Approval from the SBA

Of the total $106,700 loan amount, the SBA guaranteed $90,695.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Umpqua 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.

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