Company Gets an Oregon Small Business Loan

SBA loans in Oregon are hard to find these days. We take a look at one Oregon SBA loan, provided by an Oregon bank, that was approved by the SBA.

This company, based in Florence, Oregon, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Oregon Pacific Bank Co. D/b/a O. We've got the inside scoop on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: DWELLING OPERATORS
FLORENCE, OR 97439

SBA Loan Lender

OREGON PACIFIC BANK CO. D/B/A O
1355 HWY 101
FLORENCE, OR 97439

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6514 - Dwelling Operators

NAICS Code

531110 - Lessors of Residential Buildingsv and Dwellings

Loan Approval Date

11/26/2001

Loan Approval Gross Amount

$524,625

Loan Approval from the SBA

Of the total $524,625 loan amount, the SBA guaranteed $393,469.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Florence OR, you ought to talk with a local Florence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Florence businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Oregon Pacific Bank Co. D/b/a O are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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