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

Get SBA loans from a Chico, California bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Butte Community Bank is a Chico, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
SACRAMENTO, CA 95825

SBA Loan Lender

BUTTE COMMUNITY BANK
2041 FOREST AVE
CHICO, CA 95928

This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

7/27/2001

Loan Approval Gross Amount

$392,000

Loan Approval from the SBA

Of the total $392,000 loan amount, the SBA guaranteed $294,000.

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 18 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Sacramento CA, you ought to talk with a local Sacramento SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sacramento businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Butte Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Butte Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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