Reedley, California Business Gets SBA-Guaranteed Funding from Cupertino National Bank A Division

An SBA loan from Cupertino National Bank A Division typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reedley, California business owner got a $1,217,000 loan.

Getting a small business loan in Reedley, California was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Cupertino National Bank A Division, operating out of Cupertino, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
REEDLEY, CA 93654

SBA Loan Lender

CUPERTINO NATIONAL BANK A DIVISION
20230 STEVENS CREEK BLVD
CUPERTINO, CA 95014

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$1,217,000

Loan Approval from the SBA

Of the total $1,217,000 loan amount, the SBA guaranteed $912,750.

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 6 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Reedley CA, you ought to talk with a local Reedley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reedley businesses.

This SBA loan was for $1,217,000. How would you spend $1,217,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

SBIR Funding

Best Cupertino, California Banks for Small Business

California SBA 7A Banks