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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Leandro, Business Loans > Bay Bank - Commerce A Division - San Leandro Business Loans > Transportation Equipment And Supplies Loan | ||||
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SBA Lender San Leandro, California
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San Leandro, California Bank Gives SBA Loan to Transportation Equipment And Supplies CompanyA San Leandro, California business loan can be yours. Learn how one firm got a $1,900,000 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. Bay Bank - Commerce A Division - made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT AND SUPPLIES SBA Loan Lender BAY BANK - COMMERCE A DIVISION - The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5088 - Transportation Equipment and Supplies NAICS Code 541330 - Engineering Services Loan Approval Date 3/21/2001 Loan Approval Gross Amount $1,900,000 Loan Approval from the SBA Of the total $1,900,000 loan amount, the SBA guaranteed $988,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bay Bank - Commerce A Division - and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Banks in San Leandro, California
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