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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Women's Clothing Stores Loan | ||||
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SBA Loan from West Coast Bank
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SBA Loan from West Coast Bank Helps Women's Clothing Stores CompanyWest Coast Bank has a track record as a leading provider of SBA loans. Find out how this Oregon entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with West Coast Bank, out of Lake Oswego, Oregon. The loan was granted and they received $200,500 to help grow their Portland, Oregon business. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender WEST COAST BANK This lender provides SBA guaranteed bank 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 448120 - Women's Clothing Stores Loan Approval Date 5/25/2001 Loan Approval Gross Amount $200,500 Loan Approval from the SBA Of the total $200,500 loan amount, the SBA guaranteed $150,375. 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like West Coast Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Raising VC Money for Social Networking Companies Find an SBA Lender in Lake Oswego, Oregon
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