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March 28, 2024  
 
 
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Raising Money in Santa Rosa, California With SBA Loans

 

 
Loan Census SBA Loan Info

Motor Vehicle Supplies and New Parts Merchant Wholesalers Small Business Loans

Looking for small business loans for motor vehicle supplies and new parts merchant wholesalers? Talk to a banker who works with the SBA. This $850,000 motor vehicle supplies and new parts merchant wholesalers loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Summit State Bank, out of Santa Rosa, California. The loan was granted and they received $850,000 to help grow their Santa Rosa, California business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS
SANTA ROSA, CA 95404

SBA Loan Lender

SUMMIT STATE BANK
500 BICENTENNIAL WAY
SANTA ROSA, CA 95403

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.

NAICS Code

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

8/29/2005

Loan Approval Gross Amount

$850,000

Loan Approval from the SBA

Of the total $850,000 loan amount, the SBA guaranteed $637,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the loan would help retain 40 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Summit State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Business Incubators

Where to Get an SBA Loan in Santa Rosa, California

Find an SBA Lender in California