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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Cordova, Business Loans > Bank - America California Rancho Cordova Business Loans > Passenger Car Rental Loan | ||||
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Rancho Cordova Bank Loan
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Rancho Cordova, California Lender Lends Money to Passenger Car Rental CompanyFind Rancho Cordova, California banks that specialize in SBA loans and know how to work with entrepreneurs. Bank - America California is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Los Angeles, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Bank - America California. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PASSENGER CAR RENTAL SBA Loan Lender BANK - AMERICA CALIFORNIA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7514 - Passenger Car Rental NAICS Code 532111 - Passenger Car Rental Loan Approval Date 5/23/2000 Loan Approval Gross Amount $528,000 Loan Approval from the SBA Of the total $528,000 loan amount, the SBA guaranteed $396,000. 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 35 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 40 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 Bank - America California 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: Borrowing Money from Friends and Family Find an SBA Lender in Rancho Cordova, California
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