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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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West Coast Bank
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West Coast Bank SBA Loan to Gasoline Stations With Convenience Stores CompanyAn SBA loan from West Coast Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Montesano, Washington business owner got a $177,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montesano, Washington was able to borrow $177,500 from West Coast Bank. The SBA made the loan possible by guaranteeing $133,125 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender WEST COAST BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/11/2006 Loan Approval Gross Amount $177,500 Loan Approval from the SBA Of the total $177,500 loan amount, the SBA guaranteed $133,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like West Coast Bank 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. Related Links: Small Business Banks in Lake Oswego, Oregon
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