Business Loan from Bank Of Astoria Given to Video Tape Rental Company

Bank Of Astoria has a track record as a leading provider of SBA loans. Find out how this Oregon entrepreneur received an SBA loan from them.

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

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
CANNON BEACH, OR 97110

SBA Loan Lender

BANK OF ASTORIA
630 SE MARLIN AVE
WARRENTON, OR 97146

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

7/26/2001

Loan Approval Gross Amount

$87,400

Loan Approval from the SBA

Of the total $87,400 loan amount, the SBA guaranteed $74,290.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Alternative Financing

SBA 7A Banks for Warrenton, Oregon Loans

Getting an SBA Loan in Oregon