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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Elk Grove, Business Loans > Farmers & Merchants Bank - Cent. Elk Grove Business Loans > Farm And Garden Machinery And Equipment Merchant Wholesalers Loan | ||||
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Farmers & Merchants Bank - Cent.
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SBA Loan from Farmers & Merchants Bank - Cent. Helps Farm And Garden Machinery And Equipment Merchant Wholesalers CompanyFarmers & Merchants Bank - Cent. has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Manteca, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Farmers & Merchants Bank - Cent., based in Elk Grove, California. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender FARMERS & MERCHANTS BANK - CENT. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers Loan Approval Date 3/2/2004 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 14 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers & Merchants Bank - Cent. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers & Merchants Bank - Cent. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Friends and Family Where to Get an SBA Loan in Elk Grove, California
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