Loan Census Banking News and Information
November 23, 2024  
 
 
  Business Loan Information  
 

We Needed a Commercial Loan in Livermore, California and We Got One!

 

 
Loan Census SBA Loan Info

Small Business Loans for Specialty Trade Contractors

Looking for small business loans for specialty trade contractors? Talk to a banker who works with the SBA. This $612,000 specialty trade contractors loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Valley Community Bank, out of Pleasanton, California. The loan was granted and they received $612,000 to help grow their Livermore, California business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
LIVERMORE, CA 94550

SBA Loan Lender

VALLEY COMMUNITY BANK
465 MAIN ST
PLEASANTON, CA 94566

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

4/21/2003

Loan Approval Gross Amount

$612,000

Loan Approval from the SBA

Of the total $612,000 loan amount, the SBA guaranteed $459,000.

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 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Famous Venture Capitalists

Find an SBA Lender in Pleasanton, California

Find an SBA Lender in California