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May 3, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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How Hard Is It to Get a Small Business Loan in Essex Junction, Vermont?
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Business Loans for Mortgage and Nonmortgage Loan BrokersLooking for business loans for mortgage and nonmortgage loan brokers? Try the SBA. This $744,000 mortgage and nonmortgage loan brokers loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Essex Junction, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Temecula Valley Bank, based in Temecula, California. SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender TEMECULA VALLEY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 12/9/2002 Loan Approval Gross Amount $744,000 Loan Approval from the SBA Of the total $744,000 loan amount, the SBA guaranteed $558,000. 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 17 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Temecula Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - Friends and Family Good Banks for Small Business in Temecula, California Browse All Business Loan Sources for California
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