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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Pacific Western Bank San Diego Business Loans > Automobiles And Other Motor Vehicles Loan | ||||
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Best Banks for Escondido Business Owners
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Where to Get Capital for Automobile and Motor Vehicle WholesalersLooking for SBA loans for automobile and motor vehicle wholesalers? The SBA may be the answer. This $200,000 automobile and motor vehicle wholesalers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Escondido, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Pacific Western Bank, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: AUTOMOBILES AND OTHER MOTOR VEHICLES SBA Loan Lender PACIFIC WESTERN BANK This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5012 - Automobiles and Other Motor Vehicles NAICS Code 421110 - Automobile and Motor Vehicle Wholesalers Loan Approval Date 6/29/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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. This company did everything right to get a $200,000 loan. It's not easy, but 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 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: SBA Approved Banks in San Diego, California Browse All Business Loan Sources for California
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