Noncitrus Fruit Farming Business Loans

With these business loans for noncitrus fruit farming, the SBA guarantees the lender that the loan will be repaid. This noncitrus fruit farming loan for $700,000 was given to a California entrepreneur in 2002.

Getting a small business loan in Sultana, California was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Visalia Community Bank, operating out of Visalia, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NONCITRUS FRUIT FARMING
SULTANA, CA 93666

SBA Loan Lender

VISALIA COMMUNITY BANK
120 N FLORAL ST
VISALIA, CA 93291

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111339 - Noncitrus Fruit Farming

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $500,003.

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 4 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Role of Business Plan When Raising Money

SBA 7A Lenders in Visalia, California

SBA California Banks