How to Get a Loan for Mortgage and Nonmortgage Loan Brokers
Looking for commercial loans for mortgage and nonmortgage loan brokers? An SBA loan may be just what you've been looking for. This $100,000 mortgage and nonmortgage loan brokers loan was issued by a California bank.
This small business knew how to go about getting a business bank loan. Based in Orange, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was California Bank & Trust, based in Sacramento, California.
SBA Loan Borrower
COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS
ORANGE, CA 92868
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
10/25/2002
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 36 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 36 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $100,000 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:
Borrowing Money from Friends and Family
SBA Banks in Sacramento, California
SBA Lenders in California