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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Elk Grove, Business Loans > Farmers & Merchants Bank - Cent. Elk Grove Business Loans > Jewelry, Watch, Precious Stone, And Precious Metal Wholesalers Loan | ||||
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Examples of Linden SBA Loans
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Getting an SBA Loan for Jewelry, Watch, Precious Stone, and Precious Metal WholesalersLooking for SBA loans for jewelry, watch, precious stone, and precious metal wholesalers? An SBA loan may be just what you've been looking for. This $125,000 jewelry, watch, precious stone, and precious metal wholesalers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Linden, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Farmers & Merchants Bank - Cent., based in Elk Grove, California. SBA Loan Borrower COMPANY TYPE: JEWELRY, WATCH, PRECIOUS STONE, AND PRECIOUS METAL WHOLESALERS SBA Loan Lender FARMERS & MERCHANTS BANK - CENT. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421940 - Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers Loan Approval Date 4/18/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers & Merchants Bank - Cent. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers & Merchants Bank - Cent. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: How Much Venture Capital Is There? SBA Approved Banks in Elk Grove, California
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