Bank Loans for Fish and Seafood Markets

Looking for bank loans for fish and seafood markets? Talk to a banker who works with the SBA. This $313,500 fish and seafood markets loan was issued by an Oregon bank.

Getting a small business loan in Astoria, Oregon was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Astoria, operating out of Astoria, Oregon. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT AND FISH MARKET
ASTORIA, OR 97103

SBA Loan Lender

BANK OF ASTORIA
1122 DUANE ST
ASTORIA, OR 97103

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

5421 - Meat and Fish Market

NAICS Code

445220 - Fish and Seafood Markets

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$313,500

Loan Approval from the SBA

Of the total $313,500 loan amount, the SBA guaranteed $235,125.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 10 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Bank Of Astoria 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.

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Small Business Banks in Astoria, Oregon

Oregon SBA Bank Lenders