SBA Loan from First Bank - San Luis Obispo A D Helps Marine Fishing Company

An SBA loan from First Bank - San Luis Obispo A D typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Avila Beach, California business owner got a $25,000 loan.

Getting a small business loan in Avila Beach, California was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Bank - San Luis Obispo A D, operating out of San Luis Obispo, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MARINE FISHING
AVILA BEACH, CA 93424

SBA Loan Lender

FIRST BANK - SAN LUIS OBISPO A D
995 HIGUERA ST
SAN LUIS OBISPO, CA 93401

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

114119 - Marine Fishing

Loan Approval Date

5/23/2003

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 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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 First Bank - San Luis Obispo A D 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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