California SBA Loan Issued to Landscape Architectural Services Company
CaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a California bank provides the loan.
Getting a small business loan in Oakland, California was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Heritage Bank Of Commerce. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: LANDSCAPE ARCHITECTURAL SERVICES
OAKLAND, CA 94603
SBA Loan Lender
HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541320 - Landscape Architectural Services
Loan Approval Date
6/29/2001
Loan Approval Gross Amount
$678,000
Loan Approval from the SBA
Of the total $678,000 loan amount, the SBA guaranteed $508,500.
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 4 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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 Heritage Bank Of Commerce 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.
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