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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Oroville, Business Loans > Butte Community Bank Oroville Business Loans > Golf Courses And Country Clubs Loan | ||||
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Raising Money in Paradise, California With SBA Loans
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Golf Courses and Country Clubs Small Business LoansLooking for small business loans for golf courses and country clubs? Talk to a banker who works with the SBA. This $386,400 golf courses and country clubs loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in Paradise, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Butte Community Bank, based in Oroville, California. SBA Loan Borrower COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS SBA Loan Lender BUTTE COMMUNITY BANK 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 713910 - Golf Courses and Country Clubs Loan Approval Date 4/23/2002 Loan Approval Gross Amount $386,400 Loan Approval from the SBA Of the total $386,400 loan amount, the SBA guaranteed $289,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Butte Community Bank 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: Small Business Banks in Oroville, California
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