Bank Of The Sierra SBA Loan to No Industry Type Specified Company
Bank Of The Sierra has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank Of The Sierra, out of Porterville, California. The loan was granted and they received $10,000 to help grow their Fresno, California business.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
FRESNO, CA 93711
SBA Loan Lender
BANK OF THE SIERRA
86 N MAIN ST
PORTERVILLE, CA 93257
This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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
517212 -
Loan Approval Date
11/29/2005
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $8,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The Sierra 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:
Business Cash Advances
Find an SBA Lender in Porterville, California
SBA Participating Banks in California