 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Oregon Business Loan Sources > Portland, Business Loans > The Cowlitz Bank Portland Business Loans > Services Loan | ||||
 |
||||
SBA Lenders in Oregon
|
||||
 |
SBA Loan from The Cowlitz Bank Helps Services CompanyThe Cowlitz Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oregon entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Clackamas, Oregon, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was The Cowlitz Bank, based in Portland, Oregon. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender THE COWLITZ BANK This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services NAICS Code 514191 - On-Line Information Services Loan Approval Date 11/1/2004 Loan Approval Gross Amount $925,200 Loan Approval from the SBA Of the total $925,200 loan amount, the SBA guaranteed $693,900. 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 19 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, 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: Small Business Banks in Portland, Oregon
|
|
||
|
||||
|
|
||||