Business Loan from People's Bank Of Commerce Given to Pharmacies And Drug Stores Company

An SBA loan from People's Bank Of Commerce typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jacksonville, Oregon business owner got a $50,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Jacksonville, Oregon, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was People's Bank Of Commerce, based in Medford, Oregon.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
JACKSONVILLE, OR 97530

SBA Loan Lender

PEOPLE'S BANK OF COMMERCE
750 BIDDLE RD
MEDFORD, OR 97504

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

9/17/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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