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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Coast National Bank San Luis Obispo Business Loans > Appliance Repair And Maintenance Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Financing for Appliance Repair and MaintenanceLooking for commercial loans for appliance repair and maintenance? An SBA loan may be just what you've been looking for. This $512,000 appliance repair and maintenance loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fresno, California was able to borrow $512,000 from Coast National Bank. The SBA made the loan possible by guaranteeing $384,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: APPLIANCE REPAIR AND MAINTENANCE SBA Loan Lender COAST NATIONAL BANK This 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. NAICS Code 811412 - Appliance Repair and Maintenance Loan Approval Date 6/24/2004 Loan Approval Gross Amount $512,000 Loan Approval from the SBA Of the total $512,000 loan amount, the SBA guaranteed $384,000. 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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $512,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks for Small Business in San Luis Obispo, California
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