Oregon Pacific Bank Co. D/b/a O SBA Loan to Highway, Street, And Bridge Construction Company

An SBA loan from Oregon Pacific Bank Co. D/b/a O typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reedsport, Oregon business owner got a $1,683,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Reedsport, Oregon, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Oregon Pacific Bank Co. D/b/a O, based in Florence, Oregon.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
REEDSPORT, OR 97467

SBA Loan Lender

OREGON PACIFIC BANK CO. D/B/A O
1355 HWY 101
FLORENCE, OR 97439

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$1,683,000

Loan Approval from the SBA

Of the total $1,683,000 loan amount, the SBA guaranteed $1,262,250.

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 36 employees. This SBA loan request did not indicate that the small business planned 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?

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Oregon Pacific Bank Co. D/b/a O 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.

SBA 7A Banks for Florence, Oregon Loans

Oregon SBA 7A Lenders