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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Bakersfield, Business Loans > San Joaquin Bank Bakersfield Business Loans > Wheat Loan | ||||
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SBA Lenders That Lend to Shafter Small Businesses
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Firm Gets a California Small Business LoanCaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a California bank provides the loan. By giving the right information to San Joaquin Bank, this Shafter, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WHEAT SBA Loan Lender SAN JOAQUIN BANK This bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0111 - Wheat NAICS Code 111140 - Wheat Farming Loan Approval Date 4/18/2000 Loan Approval Gross Amount $99,000 Loan Approval from the SBA Of the total $99,000 loan amount, the SBA guaranteed $79,200. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like San Joaquin Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Bakersfield, California
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