Rocklin, California Entrepreneur Gets a Small Business Loan

Small business loans in California are are few and far betweeen these days. We take a look at one California small business loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Rocklin, California was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Excel National Bank. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
ROCKLIN, CA 95765

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

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.

NAICS Code

621310 - Chiropractors

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$1,095,900

Loan Approval from the SBA

Of the total $1,095,900 loan amount, the SBA guaranteed $821,925.

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 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $1,095,900 loan. Remember, you control your own destiny.

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.

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