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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Eureka, Business Loans > North Valley Bank Eureka Business Loans > Hobby, Toy, And Game Shops Loan | ||||
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Banks Doing SBA Loans in California
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Eureka, California Bank Gives SBA Loan to Hobby, Toy, And Game Shops CompanyFind Eureka, California banks that specialize in small business loans and know how to work with entrepreneurs. North Valley Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Eureka, California starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from North 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: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender NORTH VALLEY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 3/3/2000 Loan Approval Gross Amount $99,500 Loan Approval from the SBA Of the total $99,500 loan amount, the SBA guaranteed $79,600. 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 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like North Valley Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Eureka, California
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