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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Bolt, Nut, Screw, Rivet, And Washer Manufacturing Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Bolt, Nut, Screw, Rivet, and Washer Manufacturing Commercial LoansLooking for commercial loans for bolt, nut, screw, rivet, and washer manufacturing? The SBA may be the answer. This $150,000 bolt, nut, screw, rivet, and washer manufacturing loan was issued by an Oregon bank. This business knew how to go about getting a business bank loan. Based in Clackamas, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was West Coast Bank, based in Lake Oswego, Oregon. SBA Loan Borrower COMPANY TYPE: BOLT, NUT, SCREW, RIVET, AND WASHER MANUFACTURING SBA Loan Lender WEST COAST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing Loan Approval Date 9/13/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 10 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 7A Banks for Lake Oswego, Oregon Loans
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