Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Santa Ana, California SBA Banks

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Santa Ana, California Bank to Get an SBA Loan

Thinking about meeting with a Santa Ana, California bank about a business loan? Here's one California business loan, issued by a Santa Ana bank, that was approved by the SBA.

Applying for an SBA loan with American Security Bank worked out well for our friends at one local business in Lancaster, California. The business was able to get an SBA loan for $189,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CHILD AND YOUTH SERVICES
LANCASTER, CA 93534

SBA Loan Lender

AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624110 - Child and Youth Services

Loan Approval Date

9/3/2002

Loan Approval Gross Amount

$189,000

Loan Approval from the SBA

Of the total $189,000 loan amount, the SBA guaranteed $141,750.

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 84 employees. This SBA loan request indicated that the loan would help retain 84 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $189,000 loan. Remember, feel the fear, and do it anyway.

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:

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California SBA Bank Lenders