 |
 |
November 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Limousine Service Loan | ||||
 |
||||
Small Business Banks That Lend to California Small Businesses
|
||||
 |
California Business Loan Issued to Limousine Service CompanyCaliforniaBusiness loans are available to California business owners through the SBA. In this case, an Ohio bank provides the loan. Getting a small business loan in Ventura (corporate Name San Bu, California was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485320 - Limousine Service Loan Approval Date 3/3/2005 Loan Approval Gross Amount $508,500 Loan Approval from the SBA Of the total $508,500 loan amount, the SBA guaranteed $381,375. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, 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: Accountant's Role in Securing Financing SBA Approved Banks in Cincinnati, Ohio
|
|
||
|
||||
|
|
||||