SBA Loan from Vision One Cu Helps Optometrists Company

An SBA loan from Vision One Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brentwood, California business owner got a $127,200 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brentwood, California was able to borrow $127,200 from Vision One Cu. The SBA made the loan possible by guaranteeing $108,120 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
BRENTWOOD, CA 94513

SBA Loan Lender

VISION ONE CU
3279 RAMOS CIR
SACRAMENTO, CA 95827

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

6/19/2002

Loan Approval Gross Amount

$127,200

Loan Approval from the SBA

Of the total $127,200 loan amount, the SBA guaranteed $108,120.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Vision One Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Vision One Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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