Walnut Creek, California Bank Gives SBA Loan to Insurance Related Activities Company

Want to talk with a Walnut Creek, California bank about an SBA loan? Here's one Tennessee business loan, issued by a Walnut Creek bank, that was approved by the SBA.

Applying for an SBA loan with Superior Financial Group, LLC worked out well for our friends at one local business in Nashville, Tennessee. They received an SBA loan for $7,500. Nice!

SBA Loan Borrower

COMPANY TYPE: INSURANCE RELATED ACTIVITIES
NASHVILLE, TN 37211

SBA Loan Lender

SUPERIOR FINANCIAL GROUP, LLC
165 LENNON LANE, SUITE 101
WALNUT CREEK, CA 94598

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524298 - Insurance Related Activities

Loan Approval Date

11/21/2007

Loan Approval Gross Amount

$7,500

Loan Approval from the SBA

Of the total $7,500 loan amount, the SBA guaranteed $6,375.

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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Nashville TN, you ought to talk with a local Nashville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nashville businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Superior Financial Group, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Superior Financial Group, LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Banking Deregulation's Effects on Entrepreneurship

Small Business Banks in Walnut Creek, California

Getting an SBA Loan in California