Portland, Oregon Bank Lends Money to Refuse Systems Company in Oregon City, Oregon

Get to know Portland, Oregon banks that specialize in business loans and know how to work with entrepreneurs. West Coast Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Oregon City, Oregon starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from West Coast Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: REFUSE SYSTEMS
OREGON CITY, OR 97405

SBA Loan Lender

WEST COAST BANK
1000 SW BROADWAY, STE 1100
PORTLAND, OR 97205

At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program aims to provide rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4953 - Refuse Systems

NAICS Code

562219 - Nonhazardous Waste Treatment and Disposal

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$1,432,250

Loan Approval from the SBA

Of the total $1,432,250 loan amount, the SBA guaranteed $999,711.

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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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