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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Harbor, Business Loans > Chetco Fcu Harbor Business Loans > Book, Periodical, And Newspaper Merchant Wholesalers Loan | ||||
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Raising Money in Brookings, Oregon With SBA Loans
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Book, Periodical, and Newspaper Merchant Wholesalers Bank LoansWith these bank loans for book, periodical, and newspaper merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This book, periodical, and newspaper merchant wholesalers loan for $54,000 was given to an Oregon entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brookings, Oregon was able to borrow $54,000 from Chetco Fcu. The SBA made the loan possible by guaranteeing $45,900 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: BOOK, PERIODICAL, AND NEWSPAPER MERCHANT WHOLESALERS SBA Loan Lender CHETCO FCU This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424920 - Book, Periodical, and Newspaper Merchant Wholesalers Loan Approval Date 2/22/2005 Loan Approval Gross Amount $54,000 Loan Approval from the SBA Of the total $54,000 loan amount, the SBA guaranteed $45,900. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Participating Banks in Harbor, Oregon
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