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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > Community Bank Pasadena Business Loans > Marinas Loan | ||||
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I Need a Small Business Loan in Lake Arrowhead, California
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Marinas Business LoansLooking for business loans for marinas? The SBA may be the answer. This $1,198,400 marinas loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Lake Arrowhead, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community Bank, based in Pasadena, California. SBA Loan Borrower COMPANY TYPE: MARINAS SBA Loan Lender COMMUNITY BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713930 - Marinas Loan Approval Date 6/5/2002 Loan Approval Gross Amount $1,198,400 Loan Approval from the SBA Of the total $1,198,400 loan amount, the SBA guaranteed $898,800. 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 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 15 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Raising VC Money for Social Networking Companies SBA Banks in Pasadena, California
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