Getting an SBA Loan for Homes for the Elderly

Looking for SBA loans for homes for the elderly? The SBA may be the answer. This $1,430,000 homes for the elderly loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Valley Community Bank, out of Pleasanton, California. The loan was granted and they received $1,430,000 to help grow their San Martin, California business.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
SAN MARTIN, CA 95046

SBA Loan Lender

VALLEY COMMUNITY BANK
465 MAIN ST
PLEASANTON, CA 94566

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

12/14/2006

Loan Approval Gross Amount

$1,430,000

Loan Approval from the SBA

Of the total $1,430,000 loan amount, the SBA guaranteed $1,072,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 12 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley Community Bank and they will explain how you can get an SBA loan for your company.

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.

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