Bakersfield, California Entrepreneur Gets a Bank Loan

CaliforniaSBA loans are available to California entrepreneurs through the SBA. In this case, a California bank provides the loan.

Getting a small business loan in Bakersfield, California was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Rabobank, National Association. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS FIELD MACHINERY AND EQUIPMENT MANUFACTURING
BAKERSFIELD, CA 93308

SBA Loan Lender

RABOBANK, NATIONAL ASSOCIATION
1498 MAIN ST
EL CENTRO, CA 92243

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

333132 - Oil and Gas Field Machinery and Equipment Manufacturing

Loan Approval Date

11/9/2001

Loan Approval Gross Amount

$209,700

Loan Approval from the SBA

Of the total $209,700 loan amount, the SBA guaranteed $157,275.

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 8 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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.

Related Links:

Small Business Credit Cards

Small Business Banks in El Centro, California

SBA Lenders in California