Ge Cap. Small Business Finan Corp Gives SBA Loan to Manufacturing Industries Company
SBA loans in California are are few and far betweeen these days. We take a look at one California SBA loan, provided by a Missouri bank, that was approved by the SBA.
You can learn something about getting a small business loan in Sacramento, California by studying this loan to a local business, made back in 2000. Banks like Ge Cap. Small Business Finan Corp may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING INDUSTRIES
SACRAMENTO, CA 95827
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
This bank loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests 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
3999 - Manufacturing Industries
Loan Approval Date
3/24/2000
Loan Approval Gross Amount
$959,000
Loan Approval from the SBA
Of the total $959,000 loan amount, the SBA guaranteed $719,250.
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 26 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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