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April 17, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Burbank, Business Loans > First Private Bank & Trust Burbank Business Loans > Homes For The Elderly Loan | ||||
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Getting a Small Business Loan from First Private Bank & Trust
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SBA Loan from First Private Bank & Trust Helps Homes For The Elderly CompanyAn SBA loan from First Private Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Camarillo, California business owner got a $718,000 loan. Getting a small business loan in Camarillo, California was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Private Bank & Trust, operating out of Burbank, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: HOMES FOR THE ELDERLY SBA Loan Lender FIRST PRIVATE BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 623312 - Homes for the Elderly Loan Approval Date 6/15/2007 Loan Approval Gross Amount $718,000 Loan Approval from the SBA Of the total $718,000 loan amount, the SBA guaranteed $538,500. 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 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Burbank, California
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