Business Loan from West Coast Bank Given to Flower, Nursery Stock, And Florists' Supplies Merchant Wholesalers Company

An SBA loan from West Coast Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Salem, Oregon business owner got a $25,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with West Coast Bank, out of Wilsonville, Oregon. The loan was granted and they received $25,000 to help grow their Salem, Oregon business.

SBA Loan Borrower

COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES MERCHANT WHOLESALERS
Salem, OR 97302

SBA Loan Lender

WEST COAST BANK
25977 SW CANYON CREEK RD, STE
WILSONVILLE, OR 97070

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

424930 - Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers

Loan Approval Date

1/25/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Salem OR, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses.

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - Friends and Family

Good Banks for Small Business in Wilsonville, Oregon

Oregon SBA 7A Lenders