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| Entrepreneur Resources | Citibank San Francisco Business Loans | ||||
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San Francisco, California Bank for SBA Loans
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San Francisco, California Lender Lends Money to United Home Loans IncGet to know San Francisco, California banks that specialize in business loans and know how to work with entrepreneurs. Citibank is one such bank, as evidenced by this SBA loan to United Home Loans Inc.
Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, United Home Loans Inc received funding from Citibank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower UNITED HOME LOANS INC SBA Loan Lender CITIBANK 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 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 6/16/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower, United Home Loans Inc, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. 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. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this United Home Loans Inc loan from Citibank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Small Business Banks in San Francisco, California Where to Get an SBA Loan California If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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