Entrepreneur Works With West Sacramento, California Bank to Get an SBA Loan

Thinking about meeting with a West Sacramento, California bank about a small business loan? Here's one California business loan, issued by a West Sacramento bank, that was approved by the SBA.

Applying for an SBA loan with First Northern Bank Of Dixon worked out well for our friends at one local firm in West Sacramento, California. The business was able to get an SBA loan for $250,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING
WEST SACRAMENTO, CA 95691

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
1300 HARBOR BLVD
WEST SACRAMENTO, CA 95691

This lender issued this bank loan under the 7A SBA program, 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

334412 - Bare Printed Circuit Board Manufacturing

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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