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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Tires And Tubes Loan | ||||
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We Needed a Business Loan in Chico, California and We Got One!
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Borrowing Money for Tire DealersLooking for small business loans for tire dealers? Talk to a banker who works with the SBA. This $342,000 tire dealers loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Excel National Bank, out of Beverly Hills, California. The loan was granted and they received $342,000 to help grow their Chico, California business. SBA Loan Borrower COMPANY TYPE: TIRES AND TUBES SBA Loan Lender EXCEL NATIONAL BANK This SBA bank 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. SIC Code 5014 - Tires and Tubes NAICS Code 441320 - Tire Dealers Loan Approval Date 1/31/2006 Loan Approval Gross Amount $342,000 Loan Approval from the SBA Of the total $342,000 loan amount, the SBA guaranteed $256,500. 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Excel National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Banking Deregulation's Effects on Entrepreneurship Banks in Beverly Hills, California
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