How to Get a Loan for Sporting and Recreational Goods and Supplies Merchant Wholesalers

Looking for SBA loans for sporting and recreational goods and supplies merchant wholesalers? The SBA may be the answer. This $507,300 sporting and recreational goods and supplies merchant wholesalers loan was issued by an Oregon bank.

This small business knew how to go about getting a business bank loan. Based in Monroe, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Umpqua Bank, based in Roseburg, Oregon.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES MERCHANT WHOLESALERS
Monroe, WA 98272

SBA Loan Lender

UMPQUA BANK
445 SE MAIN ST
ROSEBURG, OR 97470

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers

Loan Approval Date

6/14/2006

Loan Approval Gross Amount

$507,300

Loan Approval from the SBA

Of the total $507,300 loan amount, the SBA guaranteed $380,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the borrowed money would help generate 1 new job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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SBA Approved Banks in Roseburg, Oregon

Getting a Business Loan in Oregon