Raising Money for Optical Goods Stores
With these business loans for optical goods stores, the SBA guarantees the lender that the loan will be repaid. This optical goods stores loan for $15,000 was given to a California entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sacramento, California was able to borrow $15,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $7,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: OPTICAL GOODS STORES
SACRAMENTO, CA 95816
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
446130 - Optical Goods Stores
Loan Approval Date
5/20/2004
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $7,500.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
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SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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