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April 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > San Diego, Business Loans > California Bank & Trust San Diego Business Loans > Digital Printing Loan | ||||
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California Bank & Trust Ft. Lauderdale
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Business Loan from California Bank & Trust Given to Digital Printing CompanyCalifornia Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Ft. Lauderdale, Florida, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was California Bank & Trust, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: DIGITAL PRINTING SBA Loan Lender CALIFORNIA BANK & TRUST The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 323115 - Digital Printing Loan Approval Date 6/28/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 21 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $100,000 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: Role of Business Plan When Raising Money SBA 7A Banks for San Diego, California Loans
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