Loan Census Banking News and Information
April 16, 2024  
 
 
  Business Loan Information  
 

California Bank SBA Loans

 

 
Loan Census SBA Loan Info

Umpqua Bank SBA Loan to Offices And Clinics Of Doctors Of Medicine Company

Searching for a California SBA loan? Here's one California business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Sacramento, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Umpqua Bank, based in El Dorado Hills, California.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
SACRAMENTO, CA 95819

SBA Loan Lender

UMPQUA BANK
3880 EL DORADO HILLS BLVD
EL DORADO HILLS, CA 95762

This commercial loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

1/3/2000

Loan Approval Gross Amount

$230,400

Loan Approval from the SBA

Of the total $230,400 loan amount, the SBA guaranteed $172,800.

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 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

The Art of Bootstrapping

SBA Banks in El Dorado Hills, California

Getting an SBA Loan in California