Business Loan from Bridge Bank Given to Computer Storage Device Manufacturing Company

Bridge Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.

This small firm knew how to go about getting a business bank loan. Based in Fremont (centerville), California, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Bridge Bank, based in San Jose, California.

SBA Loan Borrower

COMPANY TYPE: COMPUTER STORAGE DEVICE MANUFACTURING
FREMONT (CENTERVILLE), CA 94538

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334112 - Computer Storage Device Manufacturing

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 26 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Fremont (centerville) CA, you ought to talk with a local Fremont (centerville) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fremont (centerville) businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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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Where to Get an SBA Loan California