Business Loans for Durable Goods Wholesalers

With these business loans for durable goods wholesalers, the SBA guarantees the lender that the loan will be repaid. This durable goods wholesalers loan for $1,048,500 was given to a California entrepreneur in 2002.

Getting a small business loan in Oakland, California was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sterling Savings Bank, operating out of Santa Rosa, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS WHOLESALERS
OAKLAND, CA 94603

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$1,048,500

Loan Approval from the SBA

Of the total $1,048,500 loan amount, the SBA guaranteed $786,375.

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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sterling Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Credit Evaluation

Best Santa Rosa, California Banks for Small Business

California SBA Bank Lenders