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November 23, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Wood Kitchen Cabinet And Countertop Manufacturing Loan | ||||
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California Bank & Trust Business Loans
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Wood Kitchen Cabinet and Countertop Manufacturing SBA LoansWith these SBA loans for wood kitchen cabinet and countertop manufacturing, the SBA guarantees the lender that the loan will be repaid. This wood kitchen cabinet and countertop manufacturing loan for $821,400 was given to a Washington entrepreneur in 2000. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $821,400 to help grow their Seattle, Washington business. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 11/7/2000 Loan Approval Gross Amount $821,400 Loan Approval from the SBA Of the total $821,400 loan amount, the SBA guaranteed $616,050. 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 37 employees. The loan application indicated that the loan would help retain 37 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Participating Banks in Sacramento, California
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