Financing for Flight Training

Looking for commercial loans for flight training? The SBA may be the answer. This $107,700 flight training loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Susanville, California was able to borrow $107,700 from Plumas Bank. The SBA made the loan possible by guaranteeing $91,545 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FLIGHT TRAINING
SUSANVILLE, CA 96130

SBA Loan Lender

PLUMAS BANK
11638 DONNER PASS RD
TRUCKEE, CA 96161

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611512 - Flight Training

Loan Approval Date

3/23/2007

Loan Approval Gross Amount

$107,700

Loan Approval from the SBA

Of the total $107,700 loan amount, the SBA guaranteed $91,545.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Plumas Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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