Los Gatos, California Business Gets SBA-Guaranteed Funding from San Jose National Bank A Division
An SBA loan from San Jose National Bank A Division typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Los Gatos, California business owner got a $75,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Los Gatos, California was able to borrow $75,000 from San Jose National Bank A Division. The SBA made the loan possible by guaranteeing $37,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
LOS GATOS, CA 95032
SBA Loan Lender
SAN JOSE NATIONAL BANK A DIVISION
1 N MARKET ST
SAN JOSE, CA 95113
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621111 - Physicians
Loan Approval Date
6/22/2001
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Getting a Small Business Loan
SBA Participating Banks in San Jose, California
SBA California Banks