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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Walnut Creek, Business Loans > Superior Financial Group, LLC Walnut Creek Business Loans > Pharmacies And Drug Stores Loan | ||||
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Raising Money in Van Nuys, California With SBA Loans
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Pharmacies and Drug Stores Commercial LoansLooking for commercial loans for pharmacies and drug stores? An SBA loan may be just what you've been looking for. This $12,500 pharmacies and drug stores loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Van Nuys, California, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Superior Financial Group, LLC, based in Walnut Creek, California. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender SUPERIOR FINANCIAL GROUP, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 1/15/2008 Loan Approval Gross Amount $12,500 Loan Approval from the SBA Of the total $12,500 loan amount, the SBA guaranteed $10,625. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 Superior Financial Group, LLC 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: Obtaining Funding - How to Decide How Much to Raise SBA Participating Banks in Walnut Creek, California SBA Participating Banks in California
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