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May 4, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Lawyers Loan | ||||
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Examples of Palo Alto SBA Loans
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Borrowing Money for LawyersWith these bank loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $1,377,000 was given to a California entrepreneur in 2003. Getting a small business loan in Palo Alto, California was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of Cincinnati, Ohio. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 9/30/2003 Loan Approval Gross Amount $1,377,000 Loan Approval from the SBA Of the total $1,377,000 loan amount, the SBA guaranteed $999,991. 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 loan application indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Palo Alto CA, you ought to talk with a local Palo Alto SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palo Alto businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into U.S. Bank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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