 |
 |
November 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Richmond, Business Loans > The Mechanics Bank Richmond Business Loans > Florists Loan | ||||
 |
||||
California SBA Loans from The Mechanics Bank
|
||||
 |
Business Loan from The Mechanics Bank Given to Florists CompanyAn SBA loan from The Mechanics Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Auburn, California business owner got a $45,000 loan. Getting a small business loan in Auburn, California was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Mechanics Bank, operating out of Richmond, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender THE MECHANICS BANK The lender provided this commercial 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 453110 - Florists Loan Approval Date 10/26/2006 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $22,500. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $45,000 loan. Remember, things become real when you believe you can achieve them! 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:
|
|
||
|
||||
|
|
||||