Elk Grove, California Entrepreneur Gets an SBA Loan
CaliforniaBusiness loans are available to California business owners through the SBA. In this case, a Nevada bank provides the loan.
Getting a small business loan in Elk Grove, California was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Citibank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES
ELK GROVE, CA 95621
SBA Loan Lender
CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
451140 - Musical Instrument and Supplies Stores
Loan Approval Date
4/26/2007
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
We've showcased information on this loan to let you know that businesses like yours 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:
Attracting Investors
SBA 7A Banks in Las Vegas, Nevada
SBA Nevada Banks