How to Get a Loan for Hardware Stores

Looking for business loans for hardware stores? Talk to a banker who works with the SBA. This $460,000 hardware stores loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cambria, California was able to borrow $460,000 from Heritage Oaks Bank. The SBA made the loan possible by guaranteeing $345,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
CAMBRIA, CA 93428

SBA Loan Lender

HERITAGE OAKS BANK
545 12TH ST
PASO ROBLES, CA 93446

This SBA small business 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.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

1/19/2005

Loan Approval Gross Amount

$460,000

Loan Approval from the SBA

Of the total $460,000 loan amount, the SBA guaranteed $345,000.

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 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heritage Oaks Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Determining Proper Capital Structure for a Business

SBA Banks in Paso Robles, California

SBA Lenders in California