Where to Get Capital for Farm Management Services

Looking for small business loans for farm management services? Talk to a banker who works with the SBA. This $74,500 farm management services loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bank Of The Sierra, out of Porterville, California. The loan was granted and they received $74,500 to help grow their Tulare, California business.

SBA Loan Borrower

COMPANY TYPE: FARM MANAGEMENT SERVICES
TULARE, CA 93274

SBA Loan Lender

BANK OF THE SIERRA
86 N MAIN ST
PORTERVILLE, CA 93257

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115116 - Farm Management Services

Loan Approval Date

8/29/2006

Loan Approval Gross Amount

$74,500

Loan Approval from the SBA

Of the total $74,500 loan amount, the SBA guaranteed $63,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Sierra 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:

The Art of Bootstrapping

SBA Participating Banks in Porterville, California

SBA California Lenders