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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Fremont, Business Loans > Fremont Bank Fremont Business Loans > Automotive Services Loan | ||||
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Fremont Lenders
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Fremont, California Bank Gives SBA Loan to Automotive Services CompanyWant to talk with a Fremont, California bank about a business loan? Here's one California business loan, issued by a Fremont bank, that was approved by the SBA. Applying for an SBA loan with Fremont Bank worked out well for our friends at one local company in San Leandro, California. They received an SBA loan for $80,000. Way to go! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender FREMONT BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services Loan Approval Date 4/18/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fremont 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: Who Lends Money to Small Businesses in Fremont, California Getting an SBA Loan in California
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