Financing for Residential Care Facilities

With these commercial loans for residential care facilities, the SBA guarantees the lender that the loan will be repaid. This residential care facilities loan for $500,000 was given to a California entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Premier Bank, out of Denver, Colorado. The loan was granted and they received $500,000 to help grow their San Pablo, California business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE FACILITIES
SAN PABLO, CA 94805

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

3/4/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in San Pablo CA, you ought to talk with a local San Pablo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Pablo businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Premier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Premier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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