Business Loan from Greater Bay Bank Given to Outpatient Care Centers Company
Greater Bay Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in San Jose, California was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Greater Bay Bank, operating out of Palo Alto, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: OUTPATIENT CARE CENTERS
SAN JOSE, CA 95125
SBA Loan Lender
GREATER BAY BANK
420 COWPER ST
PALO ALTO, CA 94301
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621498 - Outpatient Care Centers
Loan Approval Date
10/28/2005
Loan Approval Gross Amount
$385,000
Loan Approval from the SBA
Of the total $385,000 loan amount, the SBA guaranteed $288,750.
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 58 employees. The SBA loan application for the borrower indicated that the loan would help retain 58 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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