Small Business Loans for Business to Business Electronic Markets
Looking for small business loans for business to business electronic markets? Try the SBA. This $92,500 business to business electronic markets loan was issued by a Nevada bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hayward, California was able to borrow $92,500 from Citibank. The SBA made the loan possible by guaranteeing $46,250 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: BUSINESS TO BUSINESS ELECTRONIC MARKETS
HAYWARD, CA 94545
SBA Loan Lender
CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109
The lender provided this small business 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
425110 - Business to Business Electronic Markets
Loan Approval Date
3/9/2007
Loan Approval Gross Amount
$92,500
Loan Approval from the SBA
Of the total $92,500 loan amount, the SBA guaranteed $46,250.
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 23 employees. The loan application indicated that the loan would help retain 23 existing jobs.
Start the Process for Getting an SBA Loan Today!
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.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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