San Jose, California Bank Lends Money to Commercial Bakeries Company in San Bruno, California
Want to talk with a San Jose, California bank about a business loan? Here's one California business loan, issued by a San Jose bank, that was approved by the SBA.
Applying for an SBA loan with Focus Business Bank worked out well for our friends at one local business in San Bruno, California. The business was able to get an SBA loan for $742,500. Great job!
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL BAKERIES
SAN BRUNO, CA 94066
SBA Loan Lender
FOCUS BUSINESS BANK
10 ALMADEN BLVD, STE 150
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 SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311812 - Commercial Bakeries
Loan Approval Date
7/23/2007
Loan Approval Gross Amount
$742,500
Loan Approval from the SBA
Of the total $742,500 loan amount, the SBA guaranteed $556,875.
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 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Focus Business Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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