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December 24, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Insurance Related Activities Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Financing for Insurance Related ActivitiesWith these commercial loans for insurance related activities, the SBA guarantees the lender that the loan will be repaid. This insurance related activities loan for $5,000 was given to a Nevada entrepreneur in 2005. This business knew how to go about getting a business bank loan. Based in Las Vegas, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Union Bank Of California, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: INSURANCE RELATED ACTIVITIES SBA Loan Lender UNION BANK OF CALIFORNIA 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 524298 - Insurance Related Activities Loan Approval Date 2/28/2005 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $2,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Union Bank Of California 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. Related Links: Best Banks in San Francisco, California
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