Financing for Residential Care Facilities

With these commercial loans for residential care facilities, the SBA guarantees the lender that the loan will be repaid. This residential care facilities loan for $283,000 was given to a California entrepreneur in 2003.

Getting a small business loan in Rio Vista, California was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Northern Bank Of Dixon, operating out of Sacramento, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSING AND PERSONAL CARE FACILITIES, N.E.C
RIO VISTA, CA 94571

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
4600 NORTHGATE BLVD, STE 115
SACRAMENTO, CA 95834

This business 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

8059 - Nursing and Personal Care Facilities, N.E.C

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

6/10/2003

Loan Approval Gross Amount

$283,000

Loan Approval from the SBA

Of the total $283,000 loan amount, the SBA guaranteed $212,250.

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 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $283,000 loan. Remember, things become real when you believe you can achieve them!

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:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Lenders in Sacramento, California

Getting an SBA Loan in California