I P age B2 U.s. Bank Again For the third consecutive year, U.S. Bank o f O regon leads the state in granting new Small Business A d­ m inistration loans, according to loan production numbers recently released by the Portland D istrict SB A U.S. Bank approved the largest num ber o f SB A loans during the year fo ra total o f m ore than $10 m illion. “Small business is definitely big busi­ ness in O regon,” com m ented John Eskildsen, President an d C E O o fU .S . Bank o f O regon. “SBA loans have played an important role in the growth and success o f O regon sm all busi­ ness. As the leading SBA lender in the state. U.S. Bank recognizes the im portance o f cooperative efforts to ensure small businesses have access to the critical funding needed to pros­ per.” In addition to continuing to be the top SBA lender in the state, U.S. Bank of O regon also was designated an SBA “Preferred Lender” in 1994 Tw enty-five percent o f the ban k ’s SBA loans are now through the Pre­ ferred Lender Program which allow s the bank to stream line custom ers’s loan review and approval process. O ne-third o f the b an k ’s SBA loans are through the SB A ’s Certified Lend­ er Program w hich processes loan Leads S tate In Loans applications in three days. A nother third o f the loans are through S B A ’s Low Doc Program which processes loans o f $100,000 or less to com pa­ nies with sales o f less than $5 million and few er than 100 em ployees. SBA loans are available from U.S. Bank throughout the state to finance equipm ent, real property, acquisi­ tions, leasehold im provem ents, m a­ chinery and other capital needs. The B a n k s a v e r a g e SB A lo a n is $ 125,000. "O urextensive experience in w orking with the SBA hasgiven us great insight into the best way to package o u r clien t’s needs and back­ ground inform ation for evaluation by the SB A ,” said Pete Landis, U.S B a n c o rp ’s M a n ag e r o f B usiness Banking. In addition to SBA products and services, U.S. Bank offers num erous other business loans and linancial services to sm all-and hom e-based businesses including VISA business cards, em ployee retirem ent plans, sim plified business checking and savings accounts, and PC-Based elec­ tronic banking, added Landis. As one o f the n atio n ’s top fifteen agri­ cultural lenders, U.S. Bank also of­ fers Ag A dvance, which stream lines the loan application and approval New & used books on Business, Music, & African-American Studies POWELL'S C IT Y OF BOOKS Albina tank Attracts F lo o n e y ’s T h e a tre C o m p a n y 228-4651 Presents WASHER & DRYER 2601 NE Martin Luther King Jr. Blvd. • (503) 284-2026 ¡ffl ifflfflffliffl G i m s s r o o t yN e vvs jfc Video Production Services f t & Storijboards f t f t Script Writing ★ Video Writing & & Editing f t Producing Educational • Informational • Marketing Entertainment • Business Com m unication 257-9074 P.O. Box 12259, Portland, OR 97212 C H O IC E S Law Offices of Daniel E. Russell, P.C. • R e g io n a l A rts & C u ltu r e C o u n c il Featuring: I he Humboldt Elementary School Poets rental r n washer 1657 S.E. TACOMA ST. Real Estate Wills & Trusts Medical Malpractice Accidents-Personal Injuries Divorce & Family Law Matt Dishman Coni in unity Center Continued from front Show the one you love how much you care with a gift that lasts forever! A Beautifully Framed 16x20 Wall Portrait land is proud you are wi 11 ¡ng to m ake this com m itm ent.” Brandon, in his fifth season in the NBA , gave thanks to m any folks who helped m ake his dream possible. 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Communications Since 1979 RENT YOUR NEXT DELIVERY AND INSTALLATION FEE The Portland O bserver encourages you to take advantage o f Free A dm is sion to a new restaurant and lounge in Portland, A nnie P earl’s, located at 315 S.E. Ih ird . Buy $ 15worth o f their delicioous authentic soul food and receive a com pleimentary VIP pass at no charge. After sampling their menu I insist you check them o ut I intend to give you a lot o f positive insight in next w eek's issue. E n jo y ! guaranteed m ortgage and sm all busi­ ness Ioan program s. “The Langston Hughes Project ” M 0 P« Mon'h fot The Set Alert!!! New Restaurant Opens B y T ony W ashington State Farm Insurance Latest Investment 9 AM - 11 PM Monday through Saturday 9 AM - 9 PM Sundays Used books bought every day till 8:30 PM On the #20 Bus Line • One hour free parking 1005 West Burnside Street With option to boy Thta Coupon Good For Jefferson High School Class O f 1956 is planning its 40 Year Reunion. If you are a class member or know of one’s w here­ abouts, Please contact: Dale Hing, 644-7179 or Marlene (Goebel) Iverson, 690-2037. process for O re g o n ’s sm all family farm ers and ranchers. Small business ow ners w ho do not meet conventional underw riting stan­ dards may qualify for U.S. B an k ’s “Capital A ccess P rogram ” C A P, an alternative source o f funding offered in co llab o ratio n with the O regon Economic Developm ent D epartment C A P is geared tow ard start-ups, ag ­ ricultural producers with gross annu­ al receipts o ver $ I m illion, and retail and service firm s with revenues o f $3.5 m illion or more. State Farm Insurance m ade a gen ­ U.S. Bank o f O regon has p ro v id ­ erous investm ent in the future o f ed com prehensive financial products North and N ortheast Portland with a and services to O regon consum ers $ 100,000 deposit at A lbina Com mu and businesses for m ore than 100 nity Bank. years. T he sta te ’s largest com m er­ ACB is a new com m unity devel­ cial bank, U.S. Bank o f O regon has opm ent hank dedicated to assisting current assets o f $ 10.8 billion. It is a low -to m oderate-incom e residents subsidiary o f U.S. B ancorp, the larg­ take advantage o f econom ic o p p o r­ est bank holding com pany head q u ar­ tunities in the northern sections o f tered in the N orthw est and, with cu r­ the Rose City. rent assets o f$ 2 1.3 billion, o n e o fth e "W e care about the areas in w hich nation s 35 largest. U.S. B ancorp we live and do business,” said Gary operates other U.S. Bank su b sid iar­ M ethner, State Farm Regional Vice ies in W ashington, Idaho, N evada President, "State Farm is proud to and N orthern C alifornia, as w ell as have a role in providing hom e o w n ­ financial businesses providing m o rt­ ership and business op p o rtu n ities.” gage lending, m erchant serv ices, “State F arm ’s deposit has helped equipm ent leasing, and investm ent us open our doors, says Leon Sm ith, and trust services. ACB s president and ch ief executive officer. "Their money, as part o f over $3 COAST m illion in deposits, has allow ed us to COMMANDOS Lay down the law on land and sea in the start processing much needed loans U.S. Coast Guard. Track and busi drug for local fam ilies and entrepreneurs. smugglers Intercept illegal immigrants We applaud State F arm ’s continuing Guard our environment Competitive com m itm ent to the com m unities it salary 30-days' paid vacation Free serves.” housing & meals, medical & dental care and travel Earn college credits. A lbina Bank is currently operat­ E lig ib ility for G I B ill For more ing out o f tem porary facilities at 1130 information, call I 800 GET USCG or NE A lberta St. visit us at Sm ith says the bank will m ove to a perm anent location, now under construction, at 2002 N .E. M artin Luther King Jr. Blvd. this sum m er. A lbina B ank’s m ission is to assist C o a s t G uar d eco n o m ic ren ew al in N o rth and P a n t o r TH t A c t io n N ortheast Portland. In addition to providing typical bank products such as checking and savings accounts, A lbina C om m u­ nity Bank specializes in governm ent- ■ , i *"