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March 28, 2024  
 
 
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SBA Lenders California

 

 
Loan Census SBA Loan Info

Roseville, California Lender Lends Money to Recreational Vehicle Dealers Company

Want to talk with a Roseville, California bank about a business loan? Here's one California business loan, issued by a Roseville bank, that was approved by the SBA.

Applying for an SBA loan with Wachovia Sba Lending, Inc. worked out well for our friends at one local firm in Salinas, California. The business was able to get an SBA loan for $478,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE DEALERS
SALINAS, CA 93907

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5561 - Recreational Vehicle Dealers

NAICS Code

441210 - Recreational Vehicle Dealers

Loan Approval Date

6/7/2000

Loan Approval Gross Amount

$478,000

Loan Approval from the SBA

Of the total $478,000 loan amount, the SBA guaranteed $358,500.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Wachovia Sba Lending, Inc. 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.

Related Links:

Obtaining Funding - Friends and Family

Best Banks for Small Business in Roseville, California

California SBA 7A Banks