California SBA Loan Issued to Furniture Stores Company
CaliforniaBusiness loans are available to California business owners through the SBA. In this case, a California bank provides the loan.
This company, based in Ventura, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Fullerton Community Bank, Fsb. We've got the inside scoop on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
VENTURA, CA 93003
SBA Loan Lender
FULLERTON COMMUNITY BANK, FSB
791 S WIER CANYON RD
ANAHEIM, CA 92808
This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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
442110 - Furniture Stores
Loan Approval Date
2/5/2001
Loan Approval Gross Amount
$333,000
Loan Approval from the SBA
Of the total $333,000 loan amount, the SBA guaranteed $249,750.
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 8 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Determining Proper Capital Structure for a Business
Where to Get an SBA Loan in Anaheim, California
SBA California Lenders