SBA Loans for Telecommunications

With these SBA loans for telecommunications, the SBA guarantees the lender that the loan will be repaid. This telecommunications loan for $150,000 was given to an Oregon entrepreneur in 2002.

Getting a small business loan in Sisters, Oregon was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Cascades, operating out of Bend, Oregon. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: TELECOMMUNICATIONS
SISTERS, OR 97759

SBA Loan Lender

BANK OF THE CASCADES
1070 NW BEND
BEND, OR 97701

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

513390 - Telecommunications

Loan Approval Date

10/28/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 10 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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