Riverdale, California Entrepreneur Gets a Bank Loan
Would a California small business loan help your small business to grow and prosper? If so, you may want to talk with this California bank, which offers SBA loans to California entrepreneurs.
By giving the right information to Umpqua Bank, this Riverdale, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION
RIVERDALE, CA 93656
SBA Loan Lender
4080 PLAZA GOLDORADO CIR
CAMERON PARK, CA 95682
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.
237990 - Heavy and Civil Engineering Construction
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $842,000 loan amount, the SBA guaranteed $631,500.
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 26 employees. The SBA loan application for the borrower indicated that the loan would help retain 26 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
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 Umpqua Bank 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.
Bank Credit Lines
Small Bank Loans in Cameron Park, California
SBA Participating Banks in California