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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Mission Community Bank San Luis Obispo Business Loans > Water, Sewer, And Utility Lines Loan | ||||
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California Bank SBA Loans
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Mission Community Bank SBA Loan to Water, Sewer, And Utility Lines CompanyLooking to get a California business loan? Here's one California business loan that was approved by the SBA. This small business needed an SBA business loan in Paso Robles (corporate Name El, California back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Mission Community Bank, operating out of San Luis Obispo, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender MISSION COMMUNITY BANK 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. SIC Code 1623 - Water, Sewer, and Utility Lines Loan Approval Date 5/25/2000 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $67,500. 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 4 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Paso Robles (corporate Name El CA, you ought to talk with a local Paso Robles (corporate Name El SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Paso Robles (corporate Name El businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mission Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Lenders in San Luis Obispo, California
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