Redding Bank Of Commerce SBA Loan to Offices And Clinics Of Doctors Of Medicine Company

Want a California business loan? Here's one California business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Redding, California back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Redding Bank Of Commerce, operating out of Redding, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
REDDING, CA 96002

SBA Loan Lender

REDDING BANK OF COMMERCE
1951 CHURN CREEK RD
REDDING, CA 96002

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$454,700

Loan Approval from the SBA

Of the total $454,700 loan amount, the SBA guaranteed $341,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 15 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Redding CA, you ought to talk with a local Redding SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redding businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Microlending as a Small Business Funding Source

SBA 7A Lenders in Redding, California

SBA Lenders in California