Palo Alto, California Entrepreneur Gets an SBA Loan
Would a California small business loan help your small business to grow and prosper? If so, you may want to talk with this North Carolina bank, which offers SBA loans to California entrepreneurs.
Getting a small business loan in Palo Alto, California was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: LUGGAGE AND LEATHER GOODS STORES
PALO ALTO, CA 94304
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
448320 - Luggage and Leather Goods Stores
Loan Approval Date
5/13/2003
Loan Approval Gross Amount
$94,500
Loan Approval from the SBA
Of the total $94,500 loan amount, the SBA guaranteed $47,250.
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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.
Getting an SBA Loan For Your Business
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Small Business Credit Cards
SBA Participating Banks in Charlotte, North Carolina
Getting an SBA Loan in North Carolina