Roseville, California Bank Gives SBA Loan to Hardware Stores Company
Find Roseville, California banks that specialize in business loans and know how to work with entrepreneurs. Umpqua Bank is one such bank, as evidenced by this SBA loan to one business.
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 small company 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: HARDWARE STORES
MODESTO, CA 95358
SBA Loan Lender
UMPQUA BANK
1050 PLEASANT GROVE, STE 110
ROSEVILLE, CA 95678
This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444130 - Hardware Stores
Loan Approval Date
10/22/2002
Loan Approval Gross Amount
$230,000
Loan Approval from the SBA
Of the total $230,000 loan amount, the SBA guaranteed $172,500.
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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
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.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $230,000 loan. Remember, if it to be, it is up to me!
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:
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