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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Elk Grove, Business Loans > Farmers & Merchants Bank - Cent. Elk Grove Business Loans > Packing And Crating Loan | ||||
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Stockton SBA Loans
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Farmers & Merchants Bank - Cent. Gives SBA Loan to Packing And Crating CompanyWould a California small business loan help your small business to grow and prosper? If so, you may want to talk with this California bank, which offers SBA loans to California entrepreneurs. By giving the right information to Farmers & Merchants Bank - Cent., this Stockton, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: PACKING AND CRATING SBA Loan Lender FARMERS & MERCHANTS BANK - CENT. This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4783 - Packing and Crating NAICS Code 488991 - Packing and Crating Loan Approval Date 4/20/2000 Loan Approval Gross Amount $66,500 Loan Approval from the SBA Of the total $66,500 loan amount, the SBA guaranteed $53,200. 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 8 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Elk Grove, California Banks for Small Business
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