Charter Bus Industry Bank Loans

With these bank loans for charter bus industry, the SBA guarantees the lender that the loan will be repaid. This charter bus industry loan for $494,500 was given to a California entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sun Valley, California was able to borrow $494,500 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $370,875 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CHARTER BUS INDUSTRY
SUN VALLEY, CA 91352

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485510 - Charter Bus Industry

Loan Approval Date

7/2/2001

Loan Approval Gross Amount

$494,500

Loan Approval from the SBA

Of the total $494,500 loan amount, the SBA guaranteed $370,875.

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 34 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 26 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like U.S. Bank National Association and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - Getting Venture Capital

Who Lends Money to Small Businesses in Cincinnati, Ohio

Ohio SBA Banks