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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cameron Park, Business Loans > Umpqua Bank Cameron Park Business Loans > Excavation Work Loan | ||||
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SBA Lender Placerville, California
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Placerville, California Business Gets SBA-Guaranteed Funding from Umpqua BankAn SBA loan from Umpqua Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Placerville, California business owner got a $52,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Umpqua Bank, out of Cameron Park, California. The loan was granted and they received $52,000 to help grow their Placerville, California business. SBA Loan Borrower COMPANY TYPE: EXCAVATION WORK SBA Loan Lender UMPQUA BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 1794 - Excavation Work NAICS Code 235930 - Excavation Contractors Loan Approval Date 9/19/2000 Loan Approval Gross Amount $52,000 Loan Approval from the SBA Of the total $52,000 loan amount, the SBA guaranteed $26,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Placerville CA, you ought to talk with a local Placerville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Placerville businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Umpqua Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Umpqua Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Cameron Park, California
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