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December 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Somerville, Business Loans > Century Bank And Trust Company Somerville Business Loans > Postal Service Loan | ||||
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SBA Lenders That Lend to Rondondo Beach Business Owners
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California Small Business Loan Issued to Postal Service CompanyLooking to get a California bank loan? This California entrepreneur got a bank loan, provided by a Massachusetts bank that works with the SBA to help small business owners. Getting a small business loan in Rondondo Beach, California was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Century Bank And Trust Company. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: POSTAL SERVICE SBA Loan Lender CENTURY BANK AND TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 491110 - Postal Service Loan Approval Date 10/11/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks for Small Business in Somerville, Massachusetts Find an SBA Lender in Massachusetts
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