SBA Loan from Capital Pacific Bank Helps Bowling Centers Company

Capital Pacific Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Port Arthur, Texas was able to borrow $602,700 from Capital Pacific Bank. The SBA made the loan possible by guaranteeing $452,025 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
PORT ARTHUR, TX 77642

SBA Loan Lender

CAPITAL PACIFIC BANK
805 SW BROADWAY, STE 780
PORTLAND, OR 97205

This lender provides SBA loans 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.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

5/9/2007

Loan Approval Gross Amount

$602,700

Loan Approval from the SBA

Of the total $602,700 loan amount, the SBA guaranteed $452,025.

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 26 employees. The SBA loan application for the borrower indicated that the loan would help create 50 new jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Capital Pacific Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Capital Pacific Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Startup Funding Tip

Where to Get an SBA Loan in Portland, Oregon

Getting an SBA Loan in Oregon