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Case Studies

River City Bicycles

$1,311,000 | SBA 7(a) Loan | Portland, OR

River City Bicycles building sign and rooftop with iron sculptures of people riding bicycles
River City Bicycles

Founded in 1994, RCB provides bicycle repair services and sells bicycles, accessories, and apparel. They are located in a two-story, 10,600 SF retail shop in Portland, Oregon. In their current space they could display their merchandise and accommodate a second-floor, indoor bicycle track for customers to test ride their bikes.

They had expansion plans and needed a loan—which stemmed from a desire to sell leftover odd-lots of bikes, which their suppliers were forced to discount heavily. They wanted to turn a problematic situation for their suppliers into a winning outcome for RCB and their customers by opening a complementary bike outlet store.

Pacific Western Bank provided David Guettler, sole owner and president of the company, with 90% financing, allowing for a minimal cash outlay and the purchase of a 5,000 SF building two blocks away from his original store.

RCB’s new outlet store will occupy 51% of its new building. With their suppliers’ full support, they will now be able to offer their customers additional discounts as well as bike rentals—a growing demand in their Portland community.