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May 3, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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California Bank & Trust
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California Bank & Trust SBA Loan to Coin-Operated Laundries And Drycleaners CompanyAn SBA loan from California Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chesterfield, Missouri business owner got a $123,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chesterfield, Missouri was able to borrow $123,500 from California Bank & Trust. The SBA made the loan possible by guaranteeing $104,975 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender CALIFORNIA BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 1/29/2002 Loan Approval Gross Amount $123,500 Loan Approval from the SBA Of the total $123,500 loan amount, the SBA guaranteed $104,975. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $123,500 loan. Remember, you control your own destiny. 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 Best Sacramento, California Banks for Small Business
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