Sacramento, California Bank Lends Money to Gulma Wholesale Inc in Miami, Florida
Get SBA loans from a Sacramento, California bank that knows how to treat small business owners right! If Gulma Wholesale Inc can get a loan, there's no reason you can't do it too.
California Bank & Trust is a Sacramento, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Gulma Wholesale Inc a Florida company.
SBA Loan Borrower
GULMA WHOLESALE INC
2345 NW 21ST TERRACE
MIAMI, FL 33142
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
422210 - Drugs and Druggists' Sundries Wholesalers
Loan Approval Date
9/20/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower, Gulma Wholesale Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Gulma Wholesale Inc walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
The Friends and Family Network
Best Banks for Small Business in Sacramento, California
SBA Participating Banks in California
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