Raising Money for Commercial Bakeries

Looking for business loans for commercial bakeries? An SBA loan may be just what you've been looking for. This $1,265,000 commercial bakeries loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Heritage Bank Of Commerce, out of San Jose, California. The loan was granted and they received $1,265,000 to help grow their Hollister, California business.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
HOLLISTER, CA 95023

SBA Loan Lender

HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113

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

311812 - Commercial Bakeries

Loan Approval Date

6/24/2005

Loan Approval Gross Amount

$1,265,000

Loan Approval from the SBA

Of the total $1,265,000 loan amount, the SBA guaranteed $948,750.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 24 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Hollister CA, you ought to talk with a local Hollister SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hollister businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Heritage Bank Of Commerce and they will explain how you can get an SBA loan for your company.

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:

Determining Proper Capital Structure for a Business

SBA Participating Banks in San Jose, California

Getting a Business Loan in California