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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Clovis, Business Loans > Central Valley Community Bank Clovis Business Loans > Farm Machinery And Equipment Manufacturing Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Getting an SBA Loan for Farm Machinery and Equipment ManufacturingLooking for business loans for farm machinery and equipment manufacturing? Talk to a banker who works with the SBA. This $100,000 farm machinery and equipment manufacturing loan was issued by a California bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Central Valley Community Bank, out of Clovis, California. The loan was granted and they received $100,000 to help grow their Fresno, California business. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender CENTRAL VALLEY COMMUNITY BANK This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 7/10/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 60 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Raising VC Money for Social Networking Companies SBA Banks in Clovis, California
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