San Jose, California Bank Lends Money to Elementary And Secondary Schools Company in Durham, California
Get to know San Jose, California banks that specialize in small business loans and know how to work with entrepreneurs. Heritage Bank Of Commerce is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Durham, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Heritage Bank Of Commerce. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: ELEMENTARY AND SECONDARY SCHOOLS
DURHAM, CA 95938
SBA Loan Lender
HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611110 - Elementary and Secondary Schools
Loan Approval Date
11/12/2004
Loan Approval Gross Amount
$363,500
Loan Approval from the SBA
Of the total $363,500 loan amount, the SBA guaranteed $272,625.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We can help you find the best banks for small businesses in Durham or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Understanding Dilution
SBA Approved Banks in San Jose, California
SBA California Banks