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November 15, 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 > Machine Shops Loan | ||||
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Lake Oswego SBA Lenders
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Lake Oswego, Oregon Lender Lends Money to Machine Shops CompanyWant to talk with a Lake Oswego, Oregon bank about a small business loan? Here's one Washington business loan, issued by a Lake Oswego bank, that was approved by the SBA. Applying for an SBA loan with West Coast Bank worked out well for our friends at one local firm in Mukilteo, Washington. The business was able to get an SBA loan for $1,780,000. Sweet! SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender WEST COAST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 6/28/2006 Loan Approval Gross Amount $1,780,000 Loan Approval from the SBA Of the total $1,780,000 loan amount, the SBA guaranteed $1,335,000. 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 31 employees. The loan application indicated that the loan would help retain 31 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Participating Banks in Lake Oswego, Oregon
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