Entrepreneur Works With Irwindale, California Bank to Get an SBA Loan

Get small business loans from an Irwindale, California bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Vineyard Bank is a Irwindale, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR SHOPS
RANCHO CUCAMONGA, CA 91790

SBA Loan Lender

VINEYARD BANK
16008 FOOTHILL BLVD
IRWINDALE, CA 91706

This lender issued this commercial 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

7539 - Automotive Repair Shops

NAICS Code

811118 - Automotive Mechanical and Electrical Repair and Maintenance

Loan Approval Date

12/15/2000

Loan Approval Gross Amount

$458,162

Loan Approval from the SBA

Of the total $458,162 loan amount, the SBA guaranteed $343,622.

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 4 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Rancho Cucamonga CA, you ought to talk with a local Rancho Cucamonga SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rancho Cucamonga businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Vineyard Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Credit Cards

Best Irwindale, California Banks for Small Business

SBA California Lenders