Santa Rosa, California Bank Lends Money to Nursing Care Facilities Company in Santa Rosa, California

Thinking about meeting with a Santa Rosa, California bank about a business loan? Here's one California business loan, issued by a Santa Rosa bank, that was approved by the SBA.

Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local company in Santa Rosa, California. They received an SBA loan for $1,960,000. Nice!

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
SANTA ROSA, CA 95404

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

This business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

3/16/2006

Loan Approval Gross Amount

$1,960,000

Loan Approval from the SBA

Of the total $1,960,000 loan amount, the SBA guaranteed $1,470,000.

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 16 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sterling Savings 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.

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