California SBA Loan Issued to Automobiles And Other Motor Vehicles Company

Business loans in California are hard to find these days. We take a look at one California business loan, provided by a Nevada bank, that was approved by the SBA.

You can learn something about getting a small business loan in Rancho Cordova, California by studying this loan to a local business, made back in 2003. Banks like Nevada Security Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOBILES AND OTHER MOTOR VEHICLES
RANCHO CORDOVA, CA 95742

SBA Loan Lender

NEVADA SECURITY BANK
9990 DOUBLE R BLVD
RENO, NV 89521

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5012 - Automobiles and Other Motor Vehicles

NAICS Code

423110 - Automobile and Motor Vehicle Merchant Wholesalers

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$246,250

Loan Approval from the SBA

Of the total $246,250 loan amount, the SBA guaranteed $53,190.

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 30 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Nevada Security 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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Reno, Nevada Loans

Getting an SBA Loan in Nevada