Union Bank Of California SBA Loan to Retail Stores Company

Looking to get a California business loan? Here's one California business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Simi Valley (simi), California back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Union Bank Of California, operating out of Simi Valley, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
SIMI VALLEY (SIMI), CA 93065

SBA Loan Lender

UNION BANK OF CALIFORNIA
1475 E LOS ANGELES
SIMI VALLEY, CA 93065

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

2/22/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Family and Friend Investors - Your First Financiers

Best Simi Valley, California Banks for Small Business

SBA Participating Banks in California