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November 21, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Drinking Places Loan | ||||
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Excel National Bank
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Oregon City, Oregon Business Gets SBA-Guaranteed Funding from Excel National BankExcel National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oregon entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Oregon City, Oregon, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Excel National Bank, based in Beverly Hills, California. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender EXCEL NATIONAL BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 7/20/2005 Loan Approval Gross Amount $329,000 Loan Approval from the SBA Of the total $329,000 loan amount, the SBA guaranteed $246,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Excel National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Who Lends Money to Small Businesses in Beverly Hills, California
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