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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Gilroy, Business Loans > South Valley National Bank A Divis Gilroy Business Loans > Residential Remodelers Loan | ||||
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South Valley National Bank A Divis Business Loans
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Commercial Loans for Residential RemodelersLooking for commercial loans for residential remodelers? Try the SBA. This $20,000 residential remodelers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Goleta, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was South Valley National Bank A Divis, based in Gilroy, California. SBA Loan Borrower COMPANY TYPE: RESIDENTIAL REMODELERS SBA Loan Lender SOUTH VALLEY NATIONAL BANK A DIVIS This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 236118 - Residential Remodelers Loan Approval Date 6/8/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into South Valley National Bank A Divis and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Gilroy, California
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