Business Loan from Community W. Bank Given to Intermediate Care Facilities Company
Community W. Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Alabama entrepreneur was able to get a loan to take a small business to the next level.
This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community W. Bank, out of Goleta, California. The loan was granted and they received $378,000 to help grow their Sylvester, Alabama business.
SBA Loan Borrower
COMPANY TYPE: INTERMEDIATE CARE FACILITIES
SYLVESTER, AL 31791
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8052 - Intermediate Care Facilities
NAICS Code
623990 - Residential Care Facilities
Loan Approval Date
6/18/2002
Loan Approval Gross Amount
$378,000
Loan Approval from the SBA
Of the total $378,000 loan amount, the SBA guaranteed $283,500.
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 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $378,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Advice on Getting a Small Business Loan
SBA Approved Banks in Goleta, California
Getting a Business Loan in California