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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cameron Park, Business Loans > Umpqua Bank Cameron Park Business Loans > Insurance Agencies And Brokerages Loan | ||||
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Small Business Banks for Shingle Springs Business Owners
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SBA Loans for Insurance Agencies and BrokeragesLooking for SBA loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $35,000 insurance agencies and brokerages loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shingle Springs, California was able to borrow $35,000 from Umpqua Bank. The SBA made the loan possible by guaranteeing $17,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender UMPQUA BANK The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 524210 - Insurance Agencies and Brokerages Loan Approval Date 4/19/2002 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Umpqua Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - Friends and Family Where to Get an SBA Loan in Cameron Park, California Where to Get an SBA Loan California
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