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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Miami, Business Loans > Citibank Miami Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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Business Loan from Citibank
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Mountain View, California Business Gets SBA-Guaranteed Funding from CitibankAn SBA loan from Citibank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mountain View, California business owner got a $15,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Citibank, out of Miami, Florida. The loan was granted and they received $15,000 to help grow their Mountain View, California business. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender CITIBANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 1/6/2000 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 17 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 17 existing jobs. Next Steps for Getting an SBA Loan If you want money for new small business in Mountain View CA, you ought to talk with a local Mountain View SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mountain View businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citibank 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: Small Business Banks in Miami, Florida
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