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December 21, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Medford, Business Loans > People's Bank Of Commerce Medford Business Loans > Nondurable Goods Loan | ||||
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How to Get SBA Money in Phoenix, Oregon
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Phoenix, Oregon Entrepreneur Gets a Small Business LoanOregonBusiness loans are available to Oregon business owners through the SBA. In this case, an Oregon bank provides the loan. By giving the right information to People's Bank Of Commerce, this Phoenix, Oregon business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender PEOPLE'S BANK OF COMMERCE This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods Loan Approval Date 9/15/2000 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $27,200. 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 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 7A Banks for Medford, Oregon Loans
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