Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

California Bank SBA Loans

 

 
Loan Census SBA Loan Info

Community Bank - Cent. Californi SBA Loan to No Industry Type Specified Company

Searching for a California business loan? Here's one California business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Salinas, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Community Bank - Cent. Californi, based in Salinas, California.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
SALINAS, CA 93905

SBA Loan Lender

COMMUNITY BANK - CENT. CALIFORNI
301 MAIN ST
SALINAS, CA 93901

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

Loan Approval Date

7/18/2000

Loan Approval Gross Amount

$552,000

Loan Approval from the SBA

Of the total $552,000 loan amount, the SBA guaranteed $414,000.

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 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Salinas CA, you ought to talk with a local Salinas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salinas businesses.

This SBA loan was for $552,000. How would you spend $552,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Realistic Debt Financing Options

SBA 7A Banks in Salinas, California

California SBA Bank Lenders