Bank Loans for Hunting and Trapping

Looking for bank loans for hunting and trapping? Talk to a banker who works with the SBA. This $411,400 hunting and trapping loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redding, California was able to borrow $411,400 from Premierwest Bank. The SBA made the loan possible by guaranteeing $308,550 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TIMBER TRACTS
REDDING, CA 96002

SBA Loan Lender

PREMIERWEST BANK
950 MAIN ST
RED BLUFF, CA 96080

This SBA 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

0811 - Timber Tracts

NAICS Code

114210 - Hunting and Trapping

Loan Approval Date

2/18/2004

Loan Approval Gross Amount

$411,400

Loan Approval from the SBA

Of the total $411,400 loan amount, the SBA guaranteed $308,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Obtaining Funding - How to Borrow Money

SBA Banks in Red Bluff, California

California SBA 7A Lenders