Business Loan from Central Valley Community Bank Given to Physicians Company
An SBA loan from Central Valley Community 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.
This growing company knew how to go about getting a business bank loan. Based in Fresno, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Central Valley Community Bank, based in Clovis, California.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
FRESNO, CA 93710
SBA Loan Lender
CENTRAL VALLEY COMMUNITY BANK
600 POLLASKY AVE
CLOVIS, CA 93612
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621111 - Physicians
Loan Approval Date
11/21/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Startup Funding Tip
SBA Approved Banks in Clovis, California
SBA California Banks