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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Repossession Services Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Repossession Services Small Business LoansLooking for small business loans for repossession services? Try the SBA. This $200,000 repossession services loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Corona, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was California Bank & Trust, based in Sacramento, California. SBA Loan Borrower COMPANY TYPE: REPOSSESSION SERVICES SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561491 - Repossession Services Loan Approval Date 11/2/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from California Bank & Trust 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: SBA 7A Lenders in Sacramento, California
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