Entrepreneur Works With Temecula, California Bank to Get an SBA Loan

Get to know Temecula, California banks that specialize in small business loans and know how to work with entrepreneurs. Temecula Valley Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Corning, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Temecula Valley Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SKILLED NURSING CARE FACILITIES
CORNING, CA 96021

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8051 - Skilled Nursing Care Facilities

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$1,264,500

Loan Approval from the SBA

Of the total $1,264,500 loan amount, the SBA guaranteed $948,375.

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 35 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Corning CA, you ought to talk with a local Corning SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Corning businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,264,500 loan. Remember, things become real when you believe you can achieve them!

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:

How Equity Dilution Works

SBA Participating Banks in Temecula, California

Getting an SBA Loan in California