Financing for Residential Care Facilities

Looking for loans for residential care facilities? The SBA may be the answer. This $277,900 residential care facilities loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Cupertino National Bank A Division, out of San Jose, California. The loan was granted and they received $277,900 to help grow their Sacramento, California business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE FACILITIES
SACRAMENTO, CA 95829

SBA Loan Lender

CUPERTINO NATIONAL BANK A DIVISION
60 S MARKET ST, STE 100
SAN JOSE, CA 95113

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

5/1/2002

Loan Approval Gross Amount

$277,900

Loan Approval from the SBA

Of the total $277,900 loan amount, the SBA guaranteed $208,425.

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 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

We can help you find the best banks for small businesses in Sacramento or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Small Business Banks in San Jose, California

Where to Get an SBA Loan California