Bank Of The Cascades SBA Loan to Coin-Operated Laundries And Drycleaning Company

Bank Of The Cascades has a track record as a leading provider of SBA loans. Find out how this Oregon entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Lapine, Oregon, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Bank Of The Cascades, based in Bend, Oregon.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING
LAPINE, OR 97739

SBA Loan Lender

BANK OF THE CASCADES
61250 S HWY 97
BEND, OR 97702

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7215 - Coin-Operated Laundries and Drycleaning

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

6/27/2000

Loan Approval Gross Amount

$100,100

Loan Approval from the SBA

Of the total $100,100 loan amount, the SBA guaranteed $75,075.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Cascades so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Bend, Oregon

Getting a Business Loan in Oregon