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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Visalia, Business Loans > Visalia Community Bank Visalia Business Loans > Collection Agencies Loan | ||||
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California SBA 7A Lenders
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Visalia, California Bank Gives SBA Loan to Collection Agencies CompanyThinking about meeting with a Visalia, California bank about an SBA loan? Here's one California business loan, issued by a Visalia bank, that was approved by the SBA. Applying for an SBA loan with Visalia Community Bank worked out well for our friends at one local company in Porterville, California. They received an SBA loan for $142,000. Nice! SBA Loan Borrower COMPANY TYPE: COLLECTION AGENCIES SBA Loan Lender VISALIA COMMUNITY BANK This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561440 - Collection Agencies Loan Approval Date 6/7/2006 Loan Approval Gross Amount $142,000 Loan Approval from the SBA Of the total $142,000 loan amount, the SBA guaranteed $120,700. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $142,000 loan. Remember, you control your own destiny. 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 Banks in Visalia, California
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