Heritage Bank Of Commerce SBA Loan to Health Practitioner Office Or Clinic Company
Searching for a California small business loan? Here's one California business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Los Altos, California back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Heritage Bank Of Commerce, operating out of San Jose, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: HEALTH PRACTITIONER OFFICE OR CLINIC
LOS ALTOS, CA 94022
SBA Loan Lender
HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8049 - Health Practitioner Office or Clinic
Loan Approval Date
3/27/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
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 27 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 27 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Heritage Bank Of Commerce are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
How Equity Dilution Works
SBA Participating Banks in San Jose, California
California SBA Bank Lenders