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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Napa, Business Loans > Umpqua Bank Napa Business Loans > Automotive Repair And Maintenance Loan | ||||
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South Gate, California Bank Loan
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Financing for Automotive Repair and MaintenanceLooking for loans for automotive repair and maintenance? Try the SBA. This $92,500 automotive repair and maintenance loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Gate, California was able to borrow $92,500 from Umpqua Bank. The SBA made the loan possible by guaranteeing $78,625 of this California small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender UMPQUA BANK This bank loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 3/22/2001 Loan Approval Gross Amount $92,500 Loan Approval from the SBA Of the total $92,500 loan amount, the SBA guaranteed $78,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Umpqua Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Approved Banks in Napa, California
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