SBA Loan from Coast National Bank Helps Communication Equipment Repair And Maintenance Company
Coast National Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
This business knew how to go about getting a business bank loan. Based in Paso Robles (corporate Name El, California, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Coast National Bank, based in San Luis Obispo, California.
SBA Loan Borrower
COMPANY TYPE: COMMUNICATION EQUIPMENT REPAIR AND MAINTENANCE
PASO ROBLES (CORPORATE NAME EL, CA 93446
SBA Loan Lender
COAST NATIONAL BANK
500 MARSH ST
SAN LUIS OBISPO, CA 93401
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
811213 - Communication Equipment Repair and Maintenance
Loan Approval Date
7/25/2003
Loan Approval Gross Amount
$240,000
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $120,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Coast National 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:
Alternative Financing
Who Lends Money to Small Businesses in San Luis Obispo, California
California SBA 7A Lenders