 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Fairfield, Business Loans > Westamerica Bank Fairfield Business Loans > Wood Kitchen Cabinets Loan | ||||
 |
||||
California Bank SBA Loans
|
||||
 |
Fairfield, California Bank Gives SBA Loan to Wood Kitchen Cabinets CompanyGet to know Fairfield, California banks that specialize in small business loans and know how to work with entrepreneurs. Westamerica Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Santa Rosa, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Westamerica Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINETS SBA Loan Lender WESTAMERICA BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2434 - Wood Kitchen Cabinets NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 3/15/2000 Loan Approval Gross Amount $102,500 Loan Approval from the SBA Of the total $102,500 loan amount, the SBA guaranteed $76,875. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Westamerica Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Westamerica 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. Related Links: Microlending as a Small Business Funding Source Best Fairfield, California Banks for Small Business
|
|
||
|
||||
|
|
||||