Business Loans for Crushed and Broken Stone Mining and Quarrying

With these business loans for crushed and broken stone mining and quarrying, the SBA guarantees the lender that the loan will be repaid. This crushed and broken stone mining and quarrying loan for $600,000 was given to an Oregon entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rainier, Oregon was able to borrow $600,000 from West Coast Bank. The SBA made the loan possible by guaranteeing $367,200 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN STONE
RAINIER, OR 97048

SBA Loan Lender

WEST COAST BANK
301 CHURCH ST NE
SALEM, OR 97301

This business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1429 - Crushed and Broken Stone

NAICS Code

212319 - Crushed and Broken Stone Mining and Quarrying

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $367,200.

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 12 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Rainier OR, you ought to talk with a local Rainier SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rainier businesses.

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 $600,000 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:

Small Business Credit Cards

Small Bank Loans in Salem, Oregon

Find an SBA Lender in Oregon