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November 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redlands, Business Loans > 1st Centennial Bank Redlands Business Loans > Retail Stores Loan | ||||
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California Bank SBA Loans
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1st Centennial Bank SBA Loan to Retail Stores CompanyLooking to get a California business loan? Here's one California business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Redlands, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was 1st Centennial Bank, based in Redlands, California. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender 1ST CENTENNIAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 9/21/2000 Loan Approval Gross Amount $116,000 Loan Approval from the SBA Of the total $116,000 loan amount, the SBA guaranteed $87,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help create 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Best Redlands, California Banks for Small Business
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