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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseburg, Business Loans > Umpqua Bank Roseburg Business Loans > Beauty Salons Loan | ||||
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Umpqua Bank
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Umpqua Bank SBA Loan to Beauty Salons CompanyUmpqua Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Benicia, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Umpqua Bank, based in Roseburg, Oregon. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender UMPQUA BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 8/26/2004 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Umpqua Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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