Business Loans for Concrete Block and Brick Manufacturing

With these business loans for concrete block and brick manufacturing, the SBA guarantees the lender that the loan will be repaid. This concrete block and brick manufacturing loan for $1,237,000 was given to an Oregon entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Redmond, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community First Bank, based in Prineville, Oregon.

SBA Loan Borrower

COMPANY TYPE: CONCRETE BLOCK AND BRICK
REDMOND, OR 97756

SBA Loan Lender

COMMUNITY FIRST BANK
555 NW THIRD ST
PRINEVILLE, OR 97754

This business 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

3271 - Concrete Block and Brick

NAICS Code

327331 - Concrete Block and Brick Manufacturing

Loan Approval Date

1/17/2002

Loan Approval Gross Amount

$1,237,000

Loan Approval from the SBA

Of the total $1,237,000 loan amount, the SBA guaranteed $927,750.

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 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Community First Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Role of Business Plan When Raising Money

Banks in Prineville, Oregon

Oregon SBA 7A Lenders