Business Loans for Court Reporting and Stenotype Services
With these business loans for court reporting and stenotype services, the SBA guarantees the lender that the loan will be repaid. This court reporting and stenotype services loan for $452,000 was given to a California entrepreneur in 2002.
This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bridge Bank, out of San Jose, California. The loan was granted and they received $452,000 to help grow their San Jose, California business.
SBA Loan Borrower
COMPANY TYPE: COURT REPORTING AND STENOTYPE SERVICES
SAN JOSE, CA 95126
SBA Loan Lender
BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561492 - Court Reporting and Stenotype Services
Loan Approval Date
8/22/2002
Loan Approval Gross Amount
$452,000
Loan Approval from the SBA
Of the total $452,000 loan amount, the SBA guaranteed $339,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $452,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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.
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