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

Get to know Sacramento, California banks that specialize in SBA loans and know how to work with entrepreneurs. First Northern Bank Of Dixon is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in S Lake Tahoe, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First Northern Bank Of Dixon. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CASINO HOTELS
S LAKE TAHOE, CA 96150

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
4600 NORTHGATE BLVD, STE 115
SACRAMENTO, CA 95834

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721120 - Casino Hotels

Loan Approval Date

12/19/2001

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 only one employee. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Northern Bank Of Dixon that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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