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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Merced, Business Loans > County Bank Merced Business Loans > On-Line Information Services Loan | ||||
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Turlock SBA Loan from County Bank
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Turlock, California Business Gets SBA-Guaranteed Funding from County BankCounty Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Turlock, California was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from County Bank, operating out of Merced, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: ON-LINE INFORMATION SERVICES SBA Loan Lender COUNTY BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 514191 - On-Line Information Services Loan Approval Date 5/16/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 70 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Turlock CA, you ought to talk with a local Turlock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Turlock businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Merced, California
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