Portland, Oregon Bank Lends Money to Help Supply Services Company in Gresham, Oregon

Get to know Portland, Oregon banks that specialize in small business loans and know how to work with entrepreneurs. Albina Community Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Gresham, Oregon starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Albina Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: HELP SUPPLY SERVICES
GRESHAM, OR 97080

SBA Loan Lender

ALBINA COMMUNITY BANK
8040 N LOMBARD
PORTLAND, OR 97203

This SBA bank loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7363 - Help Supply Services

NAICS Code

561330 - Employee Leasing Services

Loan Approval Date

3/25/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Albina Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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