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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rialto, Business Loans > Inland Commun Bank Rialto Business Loans > Specialized Local Freight Trucking Loan | ||||
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City Of Industry (industry), California Bank Loan
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Financing for Specialized Local Freight TruckingLooking for loans for specialized local freight trucking? Try the SBA. This $29,900 specialized local freight trucking loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in City Of Industry (industry), California was able to borrow $29,900 from Inland Commun Bank. The SBA made the loan possible by guaranteeing $14,950 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender INLAND COMMUN BANK 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 484220 - Specialized Local Freight Trucking Loan Approval Date 1/5/2007 Loan Approval Gross Amount $29,900 Loan Approval from the SBA Of the total $29,900 loan amount, the SBA guaranteed $14,950. 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 20 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Inland Commun 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: SBA 7A Banks in Rialto, California Getting a Business Loan in California
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