Lafayette, California Entrepreneur Gets a Business Loan

CaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan.

Getting a small business loan in Lafayette, California was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Focus Business Bank. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
LAFAYETTE, CA 94549

SBA Loan Lender

FOCUS BUSINESS BANK
10 ALMADEN BLVD, STE 150
SAN JOSE, CA 95113

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

5/24/2007

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Cash Advances

Where to Get an SBA Loan in San Jose, California

Find an SBA Lender in California