Where to Get Capital for Recyclable Material Wholesalers
Looking for SBA loans for recyclable material wholesalers? Try the SBA. This $100,000 recyclable material wholesalers loan was issued by a California bank.
This small business knew how to go about getting a business bank loan. Based in Fresno, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Central Valley Community Bank, based in Clovis, California.
SBA Loan Borrower
COMPANY TYPE: SCRAP AND WASTE MATERIALS
FRESNO, CA 93773
SBA Loan Lender
CENTRAL VALLEY COMMUNITY BANK
600 POLLASKY AVE
CLOVIS, CA 93612
This bank 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.
SIC Code
5093 - Scrap and Waste Materials
NAICS Code
421930 - Recyclable Material Wholesalers
Loan Approval Date
3/14/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $80,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 15 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Central Valley Community 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.
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