Plumas Bank SBA Loan to Logging Company

An SBA loan from Plumas Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Portola, California business owner got a $850,000 loan.

This business knew how to go about getting a business bank loan. Based in Portola, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Plumas Bank, based in Chester, California.

SBA Loan Borrower

COMPANY TYPE: LOGGING
PORTOLA, CA 96122

SBA Loan Lender

PLUMAS BANK
255 MAIN ST
CHESTER, CA 96020

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

3/26/2002

Loan Approval Gross Amount

$850,000

Loan Approval from the SBA

Of the total $850,000 loan amount, the SBA guaranteed $637,500.

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 30 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Plumas Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Plumas Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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