Bank - America California SBA Loan to Title Insurance Company

Looking to get a Washington SBA loan? Here's one Washington business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Yakima, Washington, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bank - America California, based in Rancho Cordova, California.

SBA Loan Borrower

COMPANY TYPE: TITLE INSURANCE
YAKIMA, WA 98901

SBA Loan Lender

BANK - AMERICA CALIFORNIA
10850 WHITE ROCK ROAD, STE 10
RANCHO CORDOVA, CA 95670

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6361 - Title Insurance

Loan Approval Date

4/12/2000

Loan Approval Gross Amount

$409,500

Loan Approval from the SBA

Of the total $409,500 loan amount, the SBA guaranteed $307,125.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank - America California that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Realistic Debt Financing Options

Banks in Rancho Cordova, California

SBA California Banks