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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > South San Francisco, Business Loans > First National Bank - Northern Calif South San Francisco Business Loans > Construction Materials Loan | ||||
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California Bank SBA Loans
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First National Bank - Northern Calif SBA Loan to Construction Materials CompanyWant a California business loan? Here's one California business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in San Carlos, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Northern Calif, based in South San Francisco, California. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MATERIALS SBA Loan Lender FIRST NATIONAL BANK - NORTHERN CALIF This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5039 - Construction Materials Loan Approval Date 5/1/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 7 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in South San Francisco, California
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