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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Porterville, Business Loans > Bank Of The Sierra Porterville Business Loans > Flower, Nursery Stock, And Florists' Supplies Wholesalers Loan | ||||
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Banks Doing SBA Loans in California
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Porterville, California Bank Gives SBA Loan to Flower, Nursery Stock, And Florists' Supplies Wholesalers CompanyThinking about meeting with a Porterville, California bank about a small business loan? Here's one California business loan, issued by a Porterville bank, that was approved by the SBA. Applying for an SBA loan with Bank Of The Sierra worked out well for our friends at one local business in Tehachapi, California. They got an SBA loan for $1,500,000. Way to go! SBA Loan Borrower COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES WHOLESALERS SBA Loan Lender BANK OF THE SIERRA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers Loan Approval Date 5/22/2002 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $999,990. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 98 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 7A Lenders in Porterville, California
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