Medford, Oregon Business Gets SBA-Guaranteed Funding from People's Bank Of Commerce

An SBA loan from People's Bank Of Commerce typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Medford, Oregon business owner got a $25,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with People's Bank Of Commerce, out of Medford, Oregon. The loan was granted and they received $25,000 to help grow their Medford, Oregon business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER PROGRAMMING SERVICES
MEDFORD, OR 97501

SBA Loan Lender

PEOPLE'S BANK OF COMMERCE
750 BIDDLE RD
MEDFORD, OR 97504

This loan for a small business was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7371 - Computer Programming Services

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

12/27/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $20,000.

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 33 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $25,000 loan. Remember, fight for what you want, and it will be yours!

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:

Microlending as a Small Business Funding Source

SBA Banks in Medford, Oregon

SBA Oregon Banks