Stayton, Oregon Entrepreneur Gets an SBA Loan
Business loans in Oregon are hard to find these days. We take a look at one Oregon business loan, provided by an Ohio bank, that was approved by the SBA.
You can learn something about getting a small business loan in Stayton, Oregon by studying this loan to a local business, made back in 2004. Banks like U.S. Bank National Association may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CANVAS AND RELATED PRODUCT MILLS
STAYTON, OR 97383
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
314912 - Canvas and Related Product Mills
Loan Approval Date
9/2/2004
Loan Approval Gross Amount
$16,800
Loan Approval from the SBA
Of the total $16,800 loan amount, the SBA guaranteed $8,400.
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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We can help you find the best banks for small businesses in Stayton 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:
Raising Venture Capital
SBA Banks in Cincinnati, Ohio
Getting an SBA Loan in Ohio