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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Mateo, Business Loans > United American Bank San Mateo Business Loans > General Freight Trucking, Local Loan | ||||
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San Mateo SBA Lenders
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San Mateo, California Lender Lends Money to General Freight Trucking, Local CompanyFind San Mateo, California banks that specialize in small business loans and know how to work with entrepreneurs. United American Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Stevinson, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from United American Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender UNITED AMERICAN 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 484110 - General Freight Trucking, Local Loan Approval Date 8/9/2007 Loan Approval Gross Amount $391,500 Loan Approval from the SBA Of the total $391,500 loan amount, the SBA guaranteed $293,625. 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 64 employees. The loan application indicated that the loan would help retain 64 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $391,500 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. Related Links: Banks in San Mateo, California
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