Pinole, California Business Gets SBA-Guaranteed Funding from Vision One Cu
An SBA loan from Vision One Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pinole, California business owner got a $134,000 loan.
This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Vision One Cu, out of Sacramento, California. The loan was granted and they received $134,000 to help grow their Pinole, California business.
SBA Loan Borrower
COMPANY TYPE: OPTOMETRISTS
PINOLE, CA 94564
SBA Loan Lender
VISION ONE CU
3279 RAMOS CIR
SACRAMENTO, CA 95827
This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621320 - Optometrists
Loan Approval Date
11/28/2001
Loan Approval Gross Amount
$134,000
Loan Approval from the SBA
Of the total $134,000 loan amount, the SBA guaranteed $113,900.
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 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Vision One Cu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Realistic Debt Financing Options
SBA 7A Banks for Sacramento, California Loans
Getting an SBA Loan in California