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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Richmond, Business Loans > The Mechanics Bank Richmond Business Loans > Support Services Loan | ||||
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Banks for San Leandro, California Entrepreneurs
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Getting an SBA Loan for Support ServicesLooking for commercial loans for support services? Talk to a banker who works with the SBA. This $100,000 support services loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in San Leandro, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was The Mechanics Bank, based in Richmond, California. SBA Loan Borrower COMPANY TYPE: SUPPORT SERVICES SBA Loan Lender THE MECHANICS BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561990 - Support Services Loan Approval Date 9/5/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 8 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Banks in Richmond, California
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