Commercial Loans for Crushed and Broken Stone Mining and Quarrying

With these commercial loans for crushed and broken stone mining and quarrying, the SBA guarantees the lender that the loan will be repaid. This crushed and broken stone mining and quarrying loan for $475,000 was given to an Oregon entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in Amity, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was West Coast Bank, based in Portland, Oregon.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN STONE MINING AND QUARRYING
AMITY, OR 97101

SBA Loan Lender

WEST COAST BANK
1000 SW BROADWAY, STE 1100
PORTLAND, OR 97205

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212319 - Crushed and Broken Stone Mining and Quarrying

Loan Approval Date

11/20/2006

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like West Coast Bank and they will explain how you can get an SBA loan for your company.

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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