Insurance Agencies and Brokerages Commercial Loans
Looking for commercial loans for insurance agencies and brokerages? The SBA may be the answer. This $395,500 insurance agencies and brokerages loan was issued by a District of Columbia bank.
This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Loans From Old Closed Lenders, out of Washington, District of Columbia. The loan was granted and they received $395,500 to help grow their Ventura (corporate Name San Bu, California business.
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENTS AND BROKERS
VENTURA (CORPORATE NAME SAN BU, CA 93003
SBA Loan Lender
LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6411 - Insurance Agents and Brokers
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
2/29/2000
Loan Approval Gross Amount
$395,500
Loan Approval from the SBA
Of the total $395,500 loan amount, the SBA guaranteed $296,625.
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 13 employees. This SBA loan request indicated that the loan would help generate 13 new jobs and retain 13 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in Ventura (corporate Name San Bu or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Microlending as a Small Business Funding Source
Find an SBA Lender in Washington, District of Columbia
Getting an SBA Loan in District of Columbia