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November 21, 2024  
 
 
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California Bank & Trust SBA 7A Loans

 

 
Loan Census SBA Loan Info

Claims Adjusting Loans

With these loans for claims adjusting, the SBA guarantees the lender that the loan will be repaid. This claims adjusting loan for $271,500 was given to a California entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Camarillo, California was able to borrow $271,500 from California Bank & Trust. The SBA made the loan possible by guaranteeing $203,625 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CLAIMS ADJUSTING
CAMARILLO, CA 93010

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

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

524291 - Claims Adjusting

Loan Approval Date

3/12/2001

Loan Approval Gross Amount

$271,500

Loan Approval from the SBA

Of the total $271,500 loan amount, the SBA guaranteed $203,625.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Determining Proper Capital Structure for a Business

Banks in Sacramento, California

California SBA 7A Lenders