Commercial and Industrial Machinery and Equipment Rental and Leasing Loans
With these loans for commercial and industrial machinery and equipment rental and leasing, the SBA guarantees the lender that the loan will be repaid. This commercial and industrial machinery and equipment rental and leasing loan for $720,500 was given to a California entrepreneur in 2004.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Umpqua Bank, out of Roseburg, Oregon. The loan was granted and they received $720,500 to help grow their Palo Cedro, California business.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
PALO CEDRO, CA 96073
SBA Loan Lender
UMPQUA BANK
445 SE MAIN ST
ROSEBURG, OR 97470
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
532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing
Loan Approval Date
12/29/2004
Loan Approval Gross Amount
$720,500
Loan Approval from the SBA
Of the total $720,500 loan amount, the SBA guaranteed $540,375.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 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.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Umpqua Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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Getting an SBA Loan in Oregon