SBA Loan from Butte Community Bank Helps Offices And Clinics Of Doctors Of Medicine Company

An SBA loan from Butte Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Paradise, California business owner got a $499,500 loan.

Getting a small business loan in Paradise, California was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Butte Community Bank, operating out of Chico, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
PARADISE, CA 95926

SBA Loan Lender

BUTTE COMMUNITY BANK
2041 FOREST AVE
CHICO, CA 95928

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$499,500

Loan Approval from the SBA

Of the total $499,500 loan amount, the SBA guaranteed $374,625.

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 53 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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