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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Photocopying And Duplicating Services Loan | ||||
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California Bank SBA Loans
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Temecula Valley Bank SBA Loan to Photocopying And Duplicating Services CompanyLooking to get a California SBA loan? Here's one California business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Altadena, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Temecula Valley Bank, based in Temecula, California. SBA Loan Borrower COMPANY TYPE: PHOTOCOPYING AND DUPLICATING SERVICES SBA Loan Lender TEMECULA VALLEY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7334 - Photocopying and Duplicating Services Loan Approval Date 9/27/2000 Loan Approval Gross Amount $438,000 Loan Approval from the SBA Of the total $438,000 loan amount, the SBA guaranteed $328,500. 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 application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Temecula, California Banks for Small Business Where to Get an SBA Loan California
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