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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Women's, Children's, And Infants' Clothing And Accessories Wholesalers Loan | ||||
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We Needed an SBA 7A Loan in Cerritos (dairy Valley), California and We Got One!
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Women's, Children's, and Infants' Clothing and Accessories Wholesalers Small Business LoansLooking for small business loans for women's, children's, and infants' clothing and accessories wholesalers? An SBA loan may be just what you've been looking for. This $150,000 women's, children's, and infants' clothing and accessories wholesalers loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $150,000 to help grow their Cerritos (dairy Valley), California business. SBA Loan Borrower COMPANY TYPE: WOMEN'S, CHILDREN'S, AND INFANTS' CLOTHING AND ACCESSORIES WHOLESALERS SBA Loan Lender CALIFORNIA BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers Loan Approval Date 4/20/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like California Bank & Trust 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: How Much Venture Capital Is There? Banks in Sacramento, California
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