SBA Loan from Silver State Bank Helps Business Services Company
Silver State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oregon entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in Salem, Oregon was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Silver State Bank, operating out of Henderson, Nevada. Here are the details on this Oregon small business loan.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
SALEM, OR 97301
SBA Loan Lender
SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012
When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
11/9/2000
Loan Approval Gross Amount
$99,100
Loan Approval from the SBA
Of the total $99,100 loan amount, the SBA guaranteed $79,280.
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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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