Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Clovis, California and We Got One!

 

 
Loan Census SBA Loan Info

SBA Loans for Toy and Hobby Goods and Supplies Wholesalers

With these SBA loans for toy and hobby goods and supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This toy and hobby goods and supplies wholesalers loan for $15,000 was given to a California entrepreneur in 2001.

Getting a small business loan in Clovis, California was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Central Valley Community Bank, operating out of Clovis, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES WHOLESALERS
CLOVIS, CA 93611

SBA Loan Lender

CENTRAL VALLEY COMMUNITY BANK
600 POLLASKY AVE
CLOVIS, CA 93612

This bank 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.

NAICS Code

421920 - Toy and Hobby Goods and Supplies Wholesalers

Loan Approval Date

8/22/2001

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

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. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Central Valley Community Bank 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:

Alternative Financing

SBA Banks in Clovis, California

SBA Lenders in California