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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Retail Bakeries Loan | ||||
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Banks in San Diego, California That Make SBA Loans
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Entrepreneur Works With San Diego, California Bank to Get an SBA LoanWant to talk with a San Diego, California bank about an SBA loan? Here's one Minnesota business loan, issued by a San Diego bank, that was approved by the SBA. Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local firm in Roseville, Minnesota. The business was able to get an SBA loan for $549,700. Sweet! SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This SBA 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. NAICS Code 311811 - Retail Bakeries Loan Approval Date 7/26/2007 Loan Approval Gross Amount $549,700 Loan Approval from the SBA Of the total $549,700 loan amount, the SBA guaranteed $412,275. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like U.S. Bank National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 in San Diego, California
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