Growing Company Gets a California Small Business Loan
CaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan.
Getting a small business loan in Folsom, California was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bridge Bank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL FITNESS FACILITIES
FOLSOM, CA 95630
SBA Loan Lender
BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113
This business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7991 - Physical Fitness Facilities
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
9/22/2004
Loan Approval Gross Amount
$1,282,000
Loan Approval from the SBA
Of the total $1,282,000 loan amount, the SBA guaranteed $961,500.
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 120 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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