California SBA Loan Issued to Women's And Children's Clothing Company
CaliforniaBusiness loans are available to California business owners through the SBA. In this case, a California bank provides the loan.
Getting a small business loan in Lemoore, California was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Sierra. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S AND CHILDREN'S CLOTHING
LEMOORE, CA 93245
SBA Loan Lender
BANK OF THE SIERRA
1103 VISALIA RD
EXETER, CA 93221
This bank loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5137 - Women's and Children's Clothing
NAICS Code
422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers
Loan Approval Date
9/27/2000
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $64,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Although it's called an SBA loan, you 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of The Sierra 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.
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