Growing Company Gets a California Business Loan

CaliforniaBank loans are available to California firms through the SBA. In this case, an Oregon bank provides the loan.

This small business, based in Arcata, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Umpqua Bank. We've got the inside scoop on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
Arcata, CA 95521

SBA Loan Lender

UMPQUA BANK
445 SE MAIN ST
ROSEBURG, OR 97470

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

7/27/2007

Loan Approval Gross Amount

$526,000

Loan Approval from the SBA

Of the total $526,000 loan amount, the SBA guaranteed $394,500.

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 35 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Umpqua Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

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Where to Get an SBA Loan Oregon