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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Offices And Clinics Of Dentists Loan | ||||
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Union Bank Of California SBA Loan
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Union Bank Of California SBA Loan to Offices And Clinics Of Dentists CompanyUnion Bank Of California is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Union Bank Of California, out of San Francisco, California. The loan was granted and they received $419,800 to help grow their Colton, California business. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS SBA Loan Lender UNION BANK OF CALIFORNIA This debt financing was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8021 - Offices and Clinics of Dentists NAICS Code 621210 - Dentists Loan Approval Date 8/2/2004 Loan Approval Gross Amount $419,800 Loan Approval from the SBA Of the total $419,800 loan amount, the SBA guaranteed $314,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $419,800 loan. Remember, you control your own destiny. 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: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in San Francisco, California Getting an SBA Loan in California
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