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May 2, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Commercial Bakeries Loan | ||||
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California Bank & Trust
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California Bank & Trust SBA Loan to Commercial Bakeries CompanyAn SBA loan from California Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a St. Louis, Missouri business owner got a $174,000 loan. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $174,000 to help grow their St. Louis, Missouri business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender CALIFORNIA BANK & TRUST 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. NAICS Code 311812 - Commercial Bakeries Loan Approval Date 2/10/2003 Loan Approval Gross Amount $174,000 Loan Approval from the SBA Of the total $174,000 loan amount, the SBA guaranteed $130,500. 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 4 employees. This SBA loan request indicated that the borrowed money would help generate 5 new jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 California Bank & Trust 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: Who Lends Money to Small Businesses in Sacramento, California Getting an SBA Loan in California
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