Redlands, California Bank Gives SBA Loan to General Automotive Repair Company

Want to talk with a Redlands, California bank about an SBA loan? Here's one California business loan, issued by a Redlands bank, that was approved by the SBA.

Applying for an SBA loan with 1st Centennial Bank worked out well for our friends at one local firm in Sunnyvale, California. They got an SBA loan for $202,000. Great job!

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
SUNNYVALE, CA 94086

SBA Loan Lender

1ST CENTENNIAL BANK
218 E STATE ST
REDLANDS, CA 92373

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

3/2/2006

Loan Approval Gross Amount

$202,000

Loan Approval from the SBA

Of the total $202,000 loan amount, the SBA guaranteed $151,500.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Sunnyvale CA, you ought to talk with a local Sunnyvale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sunnyvale businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Credit Cards

Small Bank Loans in Redlands, California

Getting an SBA Loan in California