Business Loan from Umpqua Bank Given to Concrete Contractors Company

An SBA loan from Umpqua Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sonora, California business owner got a $255,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Umpqua Bank, out of Roseville, California. The loan was granted and they received $255,000 to help grow their Sonora, California business.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
SONORA, CA 95370

SBA Loan Lender

UMPQUA BANK
2998 DOUGLAS BLVD, STE 100
ROSEVILLE, CA 95678

This bank 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

235710 - Concrete Contractors

Loan Approval Date

8/16/2001

Loan Approval Gross Amount

$255,000

Loan Approval from the SBA

Of the total $255,000 loan amount, the SBA guaranteed $191,250.

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 only one employee. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Sonora CA, you ought to talk with a local Sonora SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sonora businesses.

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:

Angel Investors

Best Roseville, California Banks for Small Business

SBA California Lenders