Financing for Residential Care Facilities

Looking for loans for residential care facilities? Try the SBA. This $644,000 residential care facilities loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Perris, California was able to borrow $644,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $483,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
PERRIS, CA 92571

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8361 - Residential Care

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$644,000

Loan Approval from the SBA

Of the total $644,000 loan amount, the SBA guaranteed $483,000.

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 13 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This SBA loan was for $644,000. How would you spend $644,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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