Loans for Rooming and Boarding Houses

Looking for loans for rooming and boarding houses? The SBA may be the answer. This $85,000 rooming and boarding houses loan was issued by a California bank.

Getting a small business loan in Miranda, California was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Umpqua Bank, operating out of Arcata, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOMING AND BOARDING HOUSES
MIRANDA, CA 95553

SBA Loan Lender

UMPQUA BANK
1063 'G' ST
ARCATA, CA 95521

This small business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7021 - Rooming and Boarding Houses

NAICS Code

721310 - Rooming and Boarding Houses

Loan Approval Date

4/13/2000

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $68,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $85,000. How would you spend $85,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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