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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Walnut Creek, Business Loans > Superior Financial Group, LLC Walnut Creek Business Loans > Electronic Shopping Loan | ||||
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California Bank SBA Loans
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Walnut Creek, California Bank Lends Money to Electronic Shopping Company in Laredo, TexasThinking about meeting with a Walnut Creek, California bank about a business loan? Here's one Texas business loan, issued by a Walnut Creek bank, that was approved by the SBA. Applying for an SBA loan with Superior Financial Group, LLC worked out well for our friends at one local company in Laredo, Texas. They got an SBA loan for $10,000. Way to go! SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING SBA Loan Lender SUPERIOR FINANCIAL GROUP, LLC This lender issued this SBA small business 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 454111 - Electronic Shopping Loan Approval Date 5/8/2007 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $10,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 7A Lenders in Walnut Creek, California
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