Entrepreneur Works With Stockton, California Bank to Get an SBA Loan

Find Stockton, California banks that specialize in business loans and know how to work with entrepreneurs. Pacific State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Lodi, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Pacific State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION
LODI, CA 95240

SBA Loan Lender

PACIFIC STATE BANK
1899 W MARCH LN
STOCKTON, CA 95207

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1611 - Highway and Street Construction

NAICS Code

234110 - Highway and Street Construction

Loan Approval Date

7/25/2000

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $351,750.

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 24 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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.

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