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April 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Cordova, Business Loans > Bank - America California Rancho Cordova Business Loans > Wood Product Manufacturing Loan | ||||
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California SBA Banks
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Rancho Cordova, California Lender Lends Money to Wood Product Manufacturing CompanyThinking about meeting with a Rancho Cordova, California bank about a small business loan? Here's one California business loan, issued by a Rancho Cordova bank, that was approved by the SBA. Applying for an SBA loan with Bank - America California worked out well for our friends at one local firm in Irwindale, California. The business was able to get an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: WOOD PRODUCT MANUFACTURING SBA Loan Lender BANK - AMERICA CALIFORNIA This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321999 - Wood Product Manufacturing Loan Approval Date 9/4/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 9 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 Bank - America California 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: Obtaining Funding - How to Decide How Much to Raise Best Banks for Small Business in Rancho Cordova, California
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