Entrepreneur Works With Rancho Cordova, California Bank to Get an SBA Loan

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

Applying for an SBA loan with Bank Of America worked out well for our friends at one local business in Tucson, Arizona. The business was able to get an SBA loan for $100,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PERIODICALS PUBLISHING
TUCSON, AZ 85716

SBA Loan Lender

BANK OF AMERICA
10607 FOLSOM BLVD
RANCHO CORDOVA, CA 95670

This business 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.

SIC Code

2721 - Periodicals Publishing

NAICS Code

511120 - Periodical Publishers

Loan Approval Date

3/1/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of America and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

SBA Banks in Rancho Cordova, California

Getting a Business Loan in California