SBA Loan from Citizens Security Bank (guam) In Helps Passenger Car Rental Company

Citizens Security Bank (guam) In has a track record as a leading provider of SBA loans. Find out how this entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hagatna, was able to borrow $65,500 from Citizens Security Bank (guam) In. The SBA made the loan possible by guaranteeing $55,675 of this small business loan.

SBA Loan Borrower

COMPANY TYPE: PASSENGER CAR RENTAL
HAGATNA, GU 96910

SBA Loan Lender

CITIZENS SECURITY BANK (GUAM) IN
424 W O'BRIEN DR, 114 JULALE
AGANA, GU 96910

This SBA 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.

NAICS Code

532111 - Passenger Car Rental

Loan Approval Date

11/3/2003

Loan Approval Gross Amount

$65,500

Loan Approval from the SBA

Of the total $65,500 loan amount, the SBA guaranteed $55,675.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens Security Bank (guam) In and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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