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November 14, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Limited-Service Restaurants Loan | ||||
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How to Get SBA Loans in Mcminnville, Oregon
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How to Get a Loan for Limited-Service RestaurantsWith these SBA loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $148,900 was given to an Oregon entrepreneur in 2006. Getting a small business loan in Mcminnville, Oregon was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Silver State Bank, operating out of Henderson, Nevada. Here are the details on this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender SILVER STATE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/3/2006 Loan Approval Gross Amount $148,900 Loan Approval from the SBA Of the total $148,900 loan amount, the SBA guaranteed $126,565. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the borrowed money would help create 8 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Silver State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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