Loan Census Banking News and Information
November 21, 2024  
 
 
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North Coast Bank A Division - Small Business Loans

 

 
Loan Census SBA Loan Info

Business Loan from North Coast Bank A Division - Given to Special Industry Machinery Company

North Coast Bank A Division - and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Rohnert Park, California was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from North Coast Bank A Division -, operating out of Santa Rosa, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
ROHNERT PARK, CA 94928

SBA Loan Lender

NORTH COAST BANK A DIVISION -
50 SANTA ROSA AVE, STE 100
SANTA ROSA, CA 95404

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3559 - Special Industry Machinery

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $200,000 loan. Remember, fight for what you want, and it will be yours!

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:

The Friends and Family Network

SBA Participating Banks in Santa Rosa, California

California SBA 7A Lenders