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April 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Camarillo, Business Loans > First California Bank Camarillo Business Loans > Furniture Wholesalers Loan | ||||
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California Small Business Funding
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Raising Money for Furniture WholesalersLooking for business loans for furniture wholesalers? Try the SBA. This $1,287,000 furniture wholesalers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oxnard, California was able to borrow $1,287,000 from First California Bank. The SBA made the loan possible by guaranteeing $965,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE WHOLESALERS SBA Loan Lender FIRST CALIFORNIA BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421210 - Furniture Wholesalers Loan Approval Date 1/8/2003 Loan Approval Gross Amount $1,287,000 Loan Approval from the SBA Of the total $1,287,000 loan amount, the SBA guaranteed $965,250. 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. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 7A Banks in Camarillo, California
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