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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Visalia, Business Loans > Valley Business Bank Visalia Business Loans > Paint And Coating Manufacturing Loan | ||||
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CA Business Loan from Valley Business Bank
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Fresno, California Business Gets SBA-Guaranteed Funding from Valley Business BankValley Business Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Fresno, California, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Valley Business Bank, based in Visalia, California. SBA Loan Borrower COMPANY TYPE: PAINT AND COATING MANUFACTURING SBA Loan Lender VALLEY BUSINESS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325510 - Paint and Coating Manufacturing Loan Approval Date 5/9/2001 Loan Approval Gross Amount $460,500 Loan Approval from the SBA Of the total $460,500 loan amount, the SBA guaranteed $345,375. 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 14 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $460,500. How would you spend $460,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Visalia, California
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