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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Child Day Care Services Loan | ||||
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Bothell, Washington Bank Loan
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California Bank & Trust Gives Small Business Loan to Child Day Care Services CompanySmall business loans in Washington are are few and far betweeen these days. We take a look at one Washington small business loan, provided by a California bank, that was approved by the SBA. By giving the right information to California Bank & Trust, this Bothell, Washington business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA commercial 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 624410 - Child Day Care Services Loan Approval Date 1/23/2002 Loan Approval Gross Amount $194,000 Loan Approval from the SBA Of the total $194,000 loan amount, the SBA guaranteed $145,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 22 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from California Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Lenders in Sacramento, California
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