SBA Loans for General Merchandise Stores

Looking for SBA loans for general merchandise stores? The SBA may be the answer. This $86,000 general merchandise stores loan was issued by an Oregon bank.

This business knew how to go about getting a business bank loan. Based in Shelton, Washington, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was West Coast Bank, based in Lake Oswego, Oregon.

SBA Loan Borrower

COMPANY TYPE: VARIETY STORES
SHELTON, WA 98584

SBA Loan Lender

WEST COAST BANK
5335 MEADOWS RD
LAKE OSWEGO, OR 97035

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

5331 - Variety Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

5/11/2000

Loan Approval Gross Amount

$86,000

Loan Approval from the SBA

Of the total $86,000 loan amount, the SBA guaranteed $68,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 90 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 90 existing jobs.

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.

We can help you find the best banks for small businesses in Shelton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Angel Investors

Where to Get an SBA Loan in Lake Oswego, Oregon

Getting an SBA Loan in Oregon