Lebanon, OR Entrepreneur Gets SBA Loan to Buy Postal Connections Of America Franchise

Need a loan to buy a Postal Connections Of America franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lebanon, Oregon needed money to invest in a Postal Connections Of America franchise back in 2006. Bank Of The Cascades issued an SBA franchise loan. Here are the details on this Oregon small business loan.

SBA Loan Borrower

SANTIAM POSTAL
LEBANON, OR 97355

SBA Loan Lender

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

This lender processed this 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

491110 - Postal Service

Loan Approval Date

3/17/2006

Loan Approval Gross Amount

$90,700

Loan Approval from the SBA

Of the total $90,700 loan amount, the SBA guaranteed $45,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Postal Connections Of America franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of The Cascades are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

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