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November 21, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Furniture Stores Loan | ||||
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California Bank & Trust SBA 7A Loans
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Furniture Stores Bank LoansWith these bank loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $440,000 was given to a Nevada entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ely, Nevada was able to borrow $440,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $330,000 of this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 6/28/2002 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. 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 SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Ely or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Find an SBA Lender in Sacramento, California
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