Oregon SBA Loan Issued to Women's Clothing Stores Company

Want an Oregon bank loan? This Oregon entrepreneur got a bank loan, provided by an Oregon bank that works with the SBA to help small business owners.

Getting a small business loan in Portland, Oregon was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mbank. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
PORTLAND, OR 97204

SBA Loan Lender

MBANK
9415 SE STARK ST
PORTLAND, OR 97216

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

11/3/2005

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $52,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $62,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Business Cash Advances

SBA Participating Banks in Portland, Oregon

Getting an SBA Loan in Oregon