Financing for Truss Manufacturing

With these loans for truss manufacturing, the SBA guarantees the lender that the loan will be repaid. This truss manufacturing loan for $200,000 was given to an Oregon entrepreneur in 2003.

Getting a small business loan in Lapine, Oregon was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Cascades, operating out of Bend, Oregon. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUSS MANUFACTURING
LAPINE, OR 97739

SBA Loan Lender

BANK OF THE CASCADES
1100 NW WALL ST
BEND, OR 97701

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

321214 - Truss Manufacturing

Loan Approval Date

2/25/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 16 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The Cascades 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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