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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Corona, Business Loans > Vineyard Bank Corona Business Loans > Consumer Lending Loan | ||||
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California SBA Lenders
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Corona, California Lender Lends Money to Consumer Lending CompanyWant to talk with a Corona, California bank about a small business loan? Here's one California business loan, issued by a Corona bank, that was approved by the SBA. Applying for an SBA loan with Vineyard Bank worked out well for our friends at one local company in Lemon Grove, California. They received an SBA loan for $198,000. Sweet! SBA Loan Borrower COMPANY TYPE: CONSUMER LENDING SBA Loan Lender VINEYARD BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522291 - Consumer Lending Loan Approval Date 8/24/2005 Loan Approval Gross Amount $198,000 Loan Approval from the SBA Of the total $198,000 loan amount, the SBA guaranteed $148,500. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $198,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Corona, California
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