Entrepreneur Works With Palo Alto, California Bank to Get an SBA Loan

Find Palo Alto, California banks that specialize in SBA loans and know how to work with entrepreneurs. Greater Bay Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Oakland, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Greater Bay Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: JEWELRY MANUFACTURING
OAKLAND, CA 94607

SBA Loan Lender

GREATER BAY BANK
420 COWPER ST
PALO ALTO, CA 94301

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

339911 - Jewelry Manufacturing

Loan Approval Date

10/5/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 17 employees. The loan application indicated that the loan would help retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Oakland CA, you ought to talk with a local Oakland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oakland businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Greater Bay Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Where to Get an SBA Loan in Palo Alto, California

California SBA 7A Banks