Financing for Personal Services

With these commercial loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $12,200 was given to an Oregon entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake Oswego, Oregon was able to borrow $12,200 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $6,100 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
LAKE OSWEGO, OR 97034

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812990 - Personal Services

Loan Approval Date

5/23/2007

Loan Approval Gross Amount

$12,200

Loan Approval from the SBA

Of the total $12,200 loan amount, the SBA guaranteed $6,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $12,200. How would you spend $12,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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