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May 7, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Porterville, Business Loans > Bank Of The Sierra Porterville Business Loans > Exterminating And Pest Control Services Loan | ||||
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Small Business Banks for Small Business Owners in California
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Company Gets a California SBA LoanLooking to get a California SBA loan? This California entrepreneur got an SBA loan, provided by a California bank that works with the SBA to help small business owners. Getting a small business loan in Tulare, California was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Sierra. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: EXTERMINATING AND PEST CONTROL SERVICES SBA Loan Lender BANK OF THE SIERRA This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561710 - Exterminating and Pest Control Services Loan Approval Date 10/30/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Sierra 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. Related Links: Small Business Banks in Porterville, California
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