Truckee, California Lender Lends Money to Tire Retreading And Repair Shops Company

Thinking about meeting with a Truckee, California bank about a small business loan? Here's one California business loan, issued by a Truckee bank, that was approved by the SBA.

Applying for an SBA loan with Plumas Bank worked out well for our friends at one local business in Quincy, California. The business was able to get an SBA loan for $308,400. Sweet!

SBA Loan Borrower

COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS
QUINCY, CA 95971

SBA Loan Lender

PLUMAS BANK
11638 DONNER PASS RD
TRUCKEE, CA 96161

This lender issued this small business loan under the 7A SBA 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.

SIC Code

7534 - Tire Retreading and Repair Shops

NAICS Code

441320 - Tire Dealers

Loan Approval Date

2/5/2002

Loan Approval Gross Amount

$308,400

Loan Approval from the SBA

Of the total $308,400 loan amount, the SBA guaranteed $231,300.

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 5 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $308,400 loan. Remember, anyone can do it... so why not you?

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:

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SBA 7A Banks for Truckee, California Loans

California SBA Bank Lenders