Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

Roseville, California Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Roseville, California Bank Gives SBA Loan to Used Car Dealers Company

A Roseville, California business loan can be yours. Learn how a business got a $498,000 business loan from this California bank.

This loan to a local firm is a good example of an SBA loan. Umpqua Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
AUBURN, CA 95603

SBA Loan Lender

UMPQUA BANK
2998 DOUGLAS BLVD, STE 100
ROSEVILLE, CA 95678

This lender provides SBA loan for small businesses 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

441120 - Used Car Dealers

Loan Approval Date

12/26/2001

Loan Approval Gross Amount

$498,000

Loan Approval from the SBA

Of the total $498,000 loan amount, the SBA guaranteed $373,500.

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 documents indicated that the loan would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Auburn CA, you ought to talk with a local Auburn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Auburn businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Lenders in Roseville, California

Getting a Business Loan in California