Local Business Gets a California SBA Loan

Business loans in California are tough to come by these days. We take a look at one California business loan, provided by a California bank, that was approved by the SBA.

You can learn something about getting a small business loan in San Jose, California by studying this loan to a local business, made back in 2006. Banks like United Security Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
SAN JOSE, CA 95131

SBA Loan Lender

UNITED SECURITY BANK
2126 INYO ST
FRESNO, CA 93710

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

1/17/2006

Loan Approval Gross Amount

$418,500

Loan Approval from the SBA

Of the total $418,500 loan amount, the SBA guaranteed $313,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in San Jose CA, you ought to talk with a local San Jose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Jose businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Security Bank 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.

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