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April 17, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Maria, Business Loans > Rabobank, National Association Santa Maria Business Loans > Bowling Centers Loan | ||||
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Santa Maria, California SBA Lenders
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Entrepreneur Works With Santa Maria, California Bank to Get an SBA LoanA Santa Maria, California SBA loan can be yours. Learn how a business got a $78,500 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. Rabobank, National Association made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender RABOBANK, NATIONAL ASSOCIATION This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7933 - Bowling Centers NAICS Code 713950 - Bowling Centers Loan Approval Date 3/28/2000 Loan Approval Gross Amount $78,500 Loan Approval from the SBA Of the total $78,500 loan amount, the SBA guaranteed $62,800. 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Santa Maria, California
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