Fresno, California Lender Lends Money to Glass And Glazing Contractors Company

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

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

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING CONTRACTORS
MORGAN HILL, CA 95037

SBA Loan Lender

UNITED SECURITY BANK
2126 INYO ST
FRESNO, CA 93710

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

238150 - Glass and Glazing Contractors

Loan Approval Date

2/28/2006

Loan Approval Gross Amount

$453,400

Loan Approval from the SBA

Of the total $453,400 loan amount, the SBA guaranteed $340,050.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from United Security Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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