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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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California Bank & Trust SBA Loan
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California Bank & Trust SBA Loan to Mortgage And Nonmortgage Loan Brokers CompanyAn SBA loan from California Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marietta, Georgia business owner got a $82,300 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marietta, Georgia was able to borrow $82,300 from California Bank & Trust. The SBA made the loan possible by guaranteeing $41,150 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender CALIFORNIA BANK & TRUST The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 4/11/2005 Loan Approval Gross Amount $82,300 Loan Approval from the SBA Of the total $82,300 loan amount, the SBA guaranteed $41,150. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company. 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: Banks in Sacramento, California
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