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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sonora, Business Loans > Umpqua Bank Sonora Business Loans > Furniture Wholesalers Loan | ||||
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Umpqua Bank
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Umpqua Bank SBA Loan to Furniture Wholesalers CompanyUmpqua Bank 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. Getting a small business loan in Modesto, California was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Umpqua Bank, operating out of Sonora, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE WHOLESALERS SBA Loan Lender UMPQUA BANK This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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 421210 - Furniture Wholesalers Loan Approval Date 11/30/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Find an SBA Lender in Sonora, California
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