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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cupertino, Business Loans > Cupertino National Bank A Division Cupertino Business Loans > Building Material Dealers Loan | ||||
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Cupertino National Bank A Division
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SBA Loan from Cupertino National Bank A Division Helps Building Material Dealers CompanyCupertino National Bank A Division is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Elk Grove, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Cupertino National Bank A Division, based in Cupertino, California. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender CUPERTINO NATIONAL BANK A DIVISION Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444190 - Building Material Dealers Loan Approval Date 3/18/2002 Loan Approval Gross Amount $487,000 Loan Approval from the SBA Of the total $487,000 loan amount, the SBA guaranteed $365,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $487,000. How would you spend $487,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Business Banks in Cupertino, California
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