Business Loan from Farmers Trust & Savings Bank Given to Durable Goods Company

An SBA loan from Farmers Trust & Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Burbank, California business owner got a $446,600 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Burbank, California was able to borrow $446,600 from Farmers Trust & Savings Bank. The SBA made the loan possible by guaranteeing $334,950 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS
BURBANK, CA 91506

SBA Loan Lender

FARMERS TRUST & SAVINGS BANK
510 LINCOLN WAY
WOODBINE, IA 51579

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5099 - Durable Goods

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

2/1/2000

Loan Approval Gross Amount

$446,600

Loan Approval from the SBA

Of the total $446,600 loan amount, the SBA guaranteed $334,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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