SBA Loan from Bridge Bank Helps Nonscheduled Chartered Freight Air Transportation Company

An SBA loan from Bridge Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fremont, California business owner got a $550,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fremont, California was able to borrow $550,000 from Bridge Bank. The SBA made the loan possible by guaranteeing $412,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED CHARTERED FREIGHT AIR TRANSPORTATION
FREMONT, CA 94539

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

481212 - Nonscheduled Chartered Freight Air Transportation

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 70 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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 Fremont 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.

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