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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lake Oswego, Business Loans > West Coast Bank Lake Oswego Business Loans > Manufacturing Industries Loan | ||||
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Banks in Lake Oswego, Oregon That Make SBA Loans
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Lake Oswego, Oregon Lender Lends Money to Manufacturing Industries CompanyWant to talk with a Lake Oswego, Oregon bank about an SBA loan? Here's one Washington business loan, issued by a Lake Oswego bank, that was approved by the SBA. Applying for an SBA loan with West Coast Bank worked out well for our friends at one local firm in Seattle, Washington. The business was able to get an SBA loan for $300,000. Nice! SBA Loan Borrower COMPANY TYPE: MANUFACTURING INDUSTRIES SBA Loan Lender WEST COAST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3999 - Manufacturing Industries Loan Approval Date 8/25/2000 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, anyone can do it... so why not 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. Related Links: SBA 7A Banks in Lake Oswego, Oregon
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