Financing for General Freight Trucking, Local
Looking for commercial loans for general freight trucking, local? Talk to a banker who works with the SBA. This $150,000 general freight trucking, local loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Sacramento, California was able to borrow $150,000 from Umpqua Bank. The SBA made the loan possible by guaranteeing $127,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
WEST SACRAMENTO, CA 95691
SBA Loan Lender
UMPQUA BANK
2998 DOUGLAS BLVD, STE 100
ROSEVILLE, CA 95678
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
484110 - General Freight Trucking, Local
Loan Approval Date
2/27/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 80 employees. The SBA loan documents indicated that the loan would help generate 100 new jobs and retain 80 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Umpqua Bank and they will explain how you can get an SBA loan for your company.
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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