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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Beaverton, Business Loans > Pinnacle Bank Beaverton Business Loans > Motor Vehicle Dealers Loan | ||||
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How Do We Get a Business Loan in Tualatin, Oregon?
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Borrowing Money for Used Car DealersWith these loans for used car dealers, the SBA guarantees the lender that the loan will be repaid. This used car dealers loan for $150,000 was given to an Oregon entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tualatin, Oregon was able to borrow $150,000 from Pinnacle Bank. The SBA made the loan possible by guaranteeing $127,500 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender PINNACLE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5521 - Motor Vehicle Dealers NAICS Code 441120 - Used Car Dealers Loan Approval Date 12/20/2002 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 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 3 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Tualatin 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: Where to Get an SBA Loan in Beaverton, Oregon
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