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May 6, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Electronic And Precision Equipment Repair And Maintenance Loan | ||||
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Business Loans for Baldwin Business Owners
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Financing for Electronic and Precision Equipment Repair and MaintenanceWith these commercial loans for electronic and precision equipment repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This electronic and precision equipment repair and maintenance loan for $183,000 was given to a Florida entrepreneur in 2004. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $183,000 to help grow their Baldwin, Florida business. SBA Loan Borrower COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender CALIFORNIA BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 8/10/2004 Loan Approval Gross Amount $183,000 Loan Approval from the SBA Of the total $183,000 loan amount, the SBA guaranteed $137,250. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks for Small Business in Sacramento, California
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