Sacramento, California Lender Lends Money to Furniture Stores Company
Want to talk with a Sacramento, California bank about an SBA loan? Here's one California business loan, issued by a Sacramento bank, that was approved by the SBA.
Applying for an SBA loan with California Bank & Trust worked out well for our friends at one local business in Auburn, California. The business was able to get an SBA loan for $291,000. Nice!
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
AUBURN, CA 95603
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This lender provides SBA business loans 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.
NAICS Code
442110 - Furniture Stores
Loan Approval Date
4/20/2006
Loan Approval Gross Amount
$291,000
Loan Approval from the SBA
Of the total $291,000 loan amount, the SBA guaranteed $218,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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.
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