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| Entrepreneur Resources | Innovative Bank Oakland Business Loans | ||||
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Newport News, Virginia Bank for SBA Loans
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Bank Loans for Support Activities for TransportationLooking for bank loans for support activities for transportation? Try the SBA. This $5,000 support activities for transportation loan was issued by a California bank.
Kinetic Transport LLC knew how to go about getting a business bank loan. Based in Newport News, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Innovative Bank, based in Oakland, California. SBA Loan Borrower KINETIC TRANSPORT LLC SBA Loan Lender INNOVATIVE BANK This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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 488999 - All Other Support Activities for Transportation Loan Approval Date 6/9/2006 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. More Information on This SBA Loan The borrower, Kinetic Transport LLC, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Kinetic Transport LLC is able to get a $5,000 loan, why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Who Lends Money to Small Businesses in Oakland, California Browse All Business Loan Sources for 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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