Personal Services Small Business Loans

With these small business loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $150,000 was given to a California entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Sacramento, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was American Savings Bank, Fsb, based in Portsmouth, Ohio.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
SACRAMENTO, CA 95814

SBA Loan Lender

AMERICAN SAVINGS BANK, FSB
503 CHILLICOTHE ST
PORTSMOUTH, OH 45662

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

812990 - Personal Services

Loan Approval Date

8/10/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

Related Links:

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