Portland, Oregon Lender Lends Money to Industrial And Personal Service Paper Merchant Wholesalers Company

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

Finding a small business loan in Portland, Oregon starts with an understanding of who else has gotten loans in the area. In this case, a small company 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: INDUSTRIAL AND PERSONAL SERVICE PAPER MERCHANT WHOLESALERS
PORTLAND, OR 97217

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424130 - Industrial and Personal Service Paper Merchant Wholesalers

Loan Approval Date

7/2/2004

Loan Approval Gross Amount

$665,000

Loan Approval from the SBA

Of the total $665,000 loan amount, the SBA guaranteed $598,500.

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 29 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

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SBA Participating Banks in Portland, Oregon

SBA Participating Banks in Oregon