Business Loan from Bank Of Alameda Given to Prepackaged Software Company

An SBA loan from Bank Of Alameda typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Emeryville, California business owner got a $350,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Emeryville, California was able to borrow $350,000 from Bank Of Alameda. The SBA made the loan possible by guaranteeing $262,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PREPACKAGED SOFTWARE
EMERYVILLE, CA 94608

SBA Loan Lender

BANK OF ALAMEDA
2130 OTIS DR
ALAMEDA, CA 94501

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7372 - Prepackaged Software

NAICS Code

511210 - Software Publishers

Loan Approval Date

9/5/2002

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 27 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Alameda and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Friends and Family

Small Business Banks in Alameda, California

SBA Lenders in California