Gladstone, Oregon Bank Lends Money to Lessors Of Real Estate Property Company in Clackamas, Oregon

Want to talk with a Gladstone, Oregon bank about a small business loan? Here's one Oregon business loan, issued by a Gladstone bank, that was approved by the SBA.

Applying for an SBA loan with Mbank worked out well for our friends at one local company in Clackamas, Oregon. They received an SBA loan for $141,900. Sweet!

SBA Loan Borrower

COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY
CLACKAMAS, OR 97015

SBA Loan Lender

MBANK
35 SE 82ND DR
GLADSTONE, OR 97027

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531190 - Lessors of Real Estate Property

Loan Approval Date

12/11/2002

Loan Approval Gross Amount

$141,900

Loan Approval from the SBA

Of the total $141,900 loan amount, the SBA guaranteed $120,615.

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 SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Clackamas OR, you ought to talk with a local Clackamas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clackamas businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mbank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Gladstone, Oregon

SBA Lenders in Oregon