Entrepreneur Works With Truckee, California Bank to Get an SBA Loan

Want to talk with a Truckee, California bank about a small business loan? Here's one California business loan, issued by a Truckee bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of The West worked out well for our friends at one local business in Roseville, California. The business was able to get an SBA loan for $222,400. Sweet!

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
ROSEVILLE, CA 95678

SBA Loan Lender

BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541310 - Architectural Services

Loan Approval Date

11/29/2001

Loan Approval Gross Amount

$222,400

Loan Approval from the SBA

Of the total $222,400 loan amount, the SBA guaranteed $166,800.

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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The West and they will explain how you can get an SBA loan for your company.

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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