Loans for Commercial and Industrial Machinery and Equipment

Looking for loans for commercial and industrial machinery and equipment? Try the SBA. This $96,200 commercial and industrial machinery and equipment loan was issued by an Oregon bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Veneta, Oregon was able to borrow $96,200 from Pacific Continental Bank. The SBA made the loan possible by guaranteeing $81,770 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: WELDING REPAIR
VENETA, OR 97487

SBA Loan Lender

PACIFIC CONTINENTAL BANK
1450 HIGH ST
EUGENE, OR 97401

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7692 - Welding Repair

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

2/14/2003

Loan Approval Gross Amount

$96,200

Loan Approval from the SBA

Of the total $96,200 loan amount, the SBA guaranteed $81,770.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $96,200. How would you spend $96,200 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.

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