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December 20, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Portland, Business Loans > Albina Community Bank Portland Business Loans > General Contracting For Nonresidential Buildings Loan | ||||
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Good Banks for Portland Business Owners
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Business Loans for Commercial and Institutional Building ConstructionLooking for business loans for commercial and institutional building construction? Try the SBA. This $333,250 commercial and institutional building construction loan was issued by an Oregon bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Albina Community Bank, out of Portland, Oregon. The loan was granted and they received $333,250 to help grow their Portland, Oregon business. SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTING FOR NONRESIDENTIAL BUILDINGS SBA Loan Lender ALBINA COMMUNITY BANK This SBA 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. SIC Code 1542 - General Contracting for Nonresidential Buildings NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 3/7/2001 Loan Approval Gross Amount $333,250 Loan Approval from the SBA Of the total $333,250 loan amount, the SBA guaranteed $249,938. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Albina Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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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