First Business Bank announced a recently closed and funded SBA 7(a) loan for a business acquisition in the Pacific Northwest.
The $2.2 million SBA 7(a) loan for a Portland, Oregon consulting and staffing firm was secured by a woman-owned business with an existing relationship with a large utility company.
An SBA-designated Preferred Lending Partner, First Business Bank’s Top 100 SBA Lending team provides access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, and the International Trade Loan program. The team operates nationwide to assist businesses with various needs, such as commercial real estate purchases, tenant improvements, equipment, working capital, business startup costs, inventory, business acquisitions, and debt refinancing.
