California Business Loan Issued to Food Manufacturing Company
Would a California business loan help your company expand? If so, you may want to talk with this California bank, which offers SBA loans to California entrepreneurs.
You can learn something about getting a small business loan in San Francisco, California by studying this loan to a local business, made back in 2003. Banks like Safe-Bidco may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: FOOD MANUFACTURING
SAN FRANCISCO, CA 94123
SBA Loan Lender
SAFE-BIDCO
1211 N. DUTTON AVE, SUITE D
SANTA ROSA, CA 95401
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311999 - Food Manufacturing
Loan Approval Date
5/13/2003
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Safe-Bidco that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
SBIR Funding
Who Lends Money to Small Businesses in Santa Rosa, California
Getting an SBA Loan in California