Getting an SBA Loan for Motor Vehicle Towing

Looking for commercial loans for motor vehicle towing? The SBA may be the answer. This $358,300 motor vehicle towing loan was issued by a California bank.

Getting a small business loan in Mariposa, California was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Premier Valley Bank, operating out of Fresno, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
MARIPOSA, CA 95338

SBA Loan Lender

PREMIER VALLEY BANK
8355 N FRESNO ST, STE 180
FRESNO, CA 93720

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

2/9/2007

Loan Approval Gross Amount

$358,300

Loan Approval from the SBA

Of the total $358,300 loan amount, the SBA guaranteed $268,725.

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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 - How to Decide How Much to Raise

SBA Participating Banks in Fresno, California

California SBA Banks