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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Chula Vista, Business Loans > First Bank Chula Vista Business Loans > Elementary And Secondary Schools Loan | ||||
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Chula Vista SBA Lenders
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Entrepreneur Works With Chula Vista, California Bank to Get an SBA LoanA Chula Vista, California business loan can be yours. Learn how a business got a $938,000 business loan from this California bank. This loan to a local firm is a good example of an SBA loan. First Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ELEMENTARY AND SECONDARY SCHOOLS SBA Loan Lender FIRST BANK This bank loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8211 - Elementary and Secondary Schools NAICS Code 611110 - Elementary and Secondary Schools Loan Approval Date 9/10/2001 Loan Approval Gross Amount $938,000 Loan Approval from the SBA Of the total $938,000 loan amount, the SBA guaranteed $703,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Chula Vista, California Banks for Small Business SBA Participating Banks in California
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