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April 28, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Appliance Repair And Maintenance Loan | ||||
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California SBA Banks
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Oakland, California Lender Lends Money to Appliance Repair And Maintenance CompanyWant to talk with an Oakland, California bank about an SBA loan? Here's one Arizona business loan, issued by an Oakland bank, that was approved by the SBA. Applying for an SBA loan with Innovative Bank worked out well for our friends at one local company in Tempe, Arizona. They got an SBA loan for $5,000. Nice! SBA Loan Borrower COMPANY TYPE: APPLIANCE REPAIR AND MAINTENANCE SBA Loan Lender INNOVATIVE BANK The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811412 - Appliance Repair and Maintenance Loan Approval Date 2/25/2003 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $2,500. 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 42 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 42 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $5,000. How would you spend $5,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Approved Banks in Oakland, California
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