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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Hillsboro, Business Loans > Columbia Community Bank Hillsboro Business Loans > Engineering Services Loan | ||||
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Hillsboro Bank Loan
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Entrepreneur Works With Hillsboro, Oregon Bank to Get an SBA LoanThinking about meeting with a Hillsboro, Oregon bank about an SBA loan? Here's one Oregon business loan, issued by a Hillsboro bank, that was approved by the SBA. Applying for an SBA loan with Columbia Community Bank worked out well for our friends at one local firm in Hillsboro, Oregon. They received an SBA loan for $300,000. Nice! SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender COLUMBIA COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8711 - Engineering Services NAICS Code 541330 - Engineering Services Loan Approval Date 11/17/2003 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, where there is a will, there is a way! 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: Who Lends Money to Small Businesses in Hillsboro, Oregon SBA Participating Banks in Oregon
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