Business Loan from South Valley National Bank A Divis Given to Residential Remodelers Company

An SBA loan from South Valley National Bank A Divis typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gilroy, California business owner got a $15,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gilroy, California was able to borrow $15,000 from South Valley National Bank A Divis. The SBA made the loan possible by guaranteeing $7,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
Gilroy, CA 95020

SBA Loan Lender

SOUTH VALLEY NATIONAL BANK A DIVIS
8000 SANTA TERESA BLVD
GILROY, CA 95020

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

236118 - Residential Remodelers

Loan Approval Date

3/22/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. South Valley National Bank A Divis had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, South Valley National Bank A Divis made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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