Borrowing Money for Waste Management Services

With these small business loans for waste management services, the SBA guarantees the lender that the loan will be repaid. This waste management services loan for $15,000 was given to an Oregon entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Molalla, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was West Coast Bank, based in Wilsonville, Oregon.

SBA Loan Borrower

COMPANY TYPE: WASTE MANAGEMENT SERVICES
Molalla, OR 97038

SBA Loan Lender

WEST COAST BANK
25977 SW CANYON CREEK RD, STE
WILSONVILLE, OR 97070

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

562998 - Waste Management Services

Loan Approval Date

4/16/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 4 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Molalla or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Art of Bootstrapping

SBA 7A Banks in Wilsonville, Oregon

Browse All Business Loan Sources for Oregon