County Bank SBA Loan to Diagnostic Imaging Centers Company
An SBA loan from County Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fresno, California business owner got a $150,000 loan.
Getting a small business loan in Fresno, California was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from County Bank, operating out of Merced, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: DIAGNOSTIC IMAGING CENTERS
FRESNO, CA 93720
SBA Loan Lender
COUNTY BANK
550 W MAIN ST
MERCED, CA 95340
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621512 - Diagnostic Imaging Centers
Loan Approval Date
10/29/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Getting an SBA Loan For Your Business
Don't apply for a loan directly with the SBA. You need to 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 County 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:
Obtaining Funding - How to Borrow Money
Small Business Banks in Merced, California
SBA California Lenders