Small Business Loans for General Medical and Surgical Hospitals

Looking for small business loans for general medical and surgical hospitals? The SBA may be the answer. This $1,036,000 general medical and surgical hospitals loan was issued by an Oregon bank.

This small firm 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 2001. The lending bank was Bank Of The Cascades, based in Bend, Oregon.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY HOSPITALS
REDMOND, OR 97756

SBA Loan Lender

BANK OF THE CASCADES
1070 NW BEND
BEND, OR 97701

This loan for a small business was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans 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

8069 - Specialty Hospitals

NAICS Code

622110 - General Medical and Surgical Hospitals

Loan Approval Date

9/28/2001

Loan Approval Gross Amount

$1,036,000

Loan Approval from the SBA

Of the total $1,036,000 loan amount, the SBA guaranteed $777,000.

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 12 employees. The loan application did not indicate that the small business planned 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of The Cascades had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of The Cascades made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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