SBA Loan from Umpqua Bank Helps Chiropractors Company
Umpqua Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in El Dorado, California was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Umpqua Bank, operating out of Cameron Park, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
EL DORADO, CA 95762
SBA Loan Lender
UMPQUA BANK
4080 PLAZA GOLDORADO CIR
CAMERON PARK, CA 95682
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621310 - Chiropractors
Loan Approval Date
7/22/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 7 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 7 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Umpqua Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
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Find an SBA Lender in Cameron Park, California
Where to Get an SBA Loan California