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April 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Fe, Business Loans > Pacific Western Bank Rancho Santa Fe Business Loans > Farm Product Raw Material Merchant Wholesalers Loan | ||||
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Pacific Western Bank Business Loan
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SBA Loan from Pacific Western Bank Helps Farm Product Raw Material Merchant Wholesalers CompanyPacific Western Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Pacific Western Bank, out of Rancho Santa Fe, California. The loan was granted and they received $76,500 to help grow their Los Angeles, California business. SBA Loan Borrower COMPANY TYPE: FARM PRODUCT RAW MATERIAL MERCHANT WHOLESALERS SBA Loan Lender PACIFIC WESTERN BANK This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424590 - Farm Product Raw Material Merchant Wholesalers Loan Approval Date 3/28/2005 Loan Approval Gross Amount $76,500 Loan Approval from the SBA Of the total $76,500 loan amount, the SBA guaranteed $65,025. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pacific Western 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: Banks in Rancho Santa Fe, California
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