Entrepreneur Works With Sonora, California Bank to Get an SBA Loan

Get to know Sonora, California banks that specialize in SBA loans and know how to work with entrepreneurs. Umpqua Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Modesto, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Umpqua Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
MODESTO, CA 95351

SBA Loan Lender

UMPQUA BANK
13775-C MONO WAY
SONORA, CA 95370

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

442210 - Floor Covering Stores

Loan Approval Date

5/26/2004

Loan Approval Gross Amount

$1,090,500

Loan Approval from the SBA

Of the total $1,090,500 loan amount, the SBA guaranteed $817,875.

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 25 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 29 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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