San Jose, California Lender Lends Money to General Freight Trucking, Local Company
Want to talk with a San Jose, California bank about a business loan? Here's one California business loan, issued by a San Jose bank, that was approved by the SBA.
Applying for an SBA loan with Heritage Bank Of Commerce worked out well for our friends at one local firm in Stockton, California. They received an SBA loan for $410,000. Great job!
SBA Loan Borrower
COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
STOCKTON, CA 95202
SBA Loan Lender
HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113
This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
484110 - General Freight Trucking, Local
Loan Approval Date
5/24/2007
Loan Approval Gross Amount
$410,000
Loan Approval from the SBA
Of the total $410,000 loan amount, the SBA guaranteed $307,500.
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 34 employees. The SBA loan application for the borrower indicated that the loan would help retain 34 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Heritage Bank Of Commerce so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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