SBA Loan from First National Bank - Northern Calif Helps Apparel Accessories And Other Apparel Manufacturing Company
First National Bank - Northern Calif is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.
This small firm knew how to go about getting a business bank loan. Based in Novato, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Northern Calif, based in San Francisco, California.
SBA Loan Borrower
COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING
NOVATO, CA 94949
SBA Loan Lender
FIRST NATIONAL BANK - NORTHERN CALIF
65 POST ST
SAN FRANCISCO, CA 94104
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
315999 - Apparel Accessories and Other Apparel Manufacturing
Loan Approval Date
4/26/2004
Loan Approval Gross Amount
$240,000
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $180,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Startup Funding Tip
Small Business Banks in San Francisco, California
Getting an SBA Loan in California