Bend, Oregon Entrepreneur Gets a Bank Loan

Want an Oregon bank loan? This Oregon entrepreneur got a bank loan, provided by an Oregon bank that works with the SBA to help small business owners.

Getting a small business loan in Bend, Oregon was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Cascades. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BEND, OR 97702

SBA Loan Lender

BANK OF THE CASCADES
1100 NW WALL ST
BEND, OR 97701

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/1/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Bend OR, you ought to talk with a local Bend SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bend businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,000 loan. Remember, where there is a will, there is a way!

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:

Debt Financing

Best Bend, Oregon Banks for Small Business

Getting an SBA Loan in Oregon