Rancho Santa Fe, California Lender Lends Money to No Industry Type Specified Company
Thinking about meeting with a Rancho Santa Fe, California bank about a small business loan? Here's one California business loan, issued by a Rancho Santa Fe bank, that was approved by the SBA.
Applying for an SBA loan with Pacific Western Bank worked out well for our friends at one local company in San Diego, California. They received an SBA loan for $100,000. Nice!
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
SAN DIEGO, CA 92154
SBA Loan Lender
PACIFIC WESTERN BANK
6110 EL TORDO
RANCHO SANTA FE, CA 92067
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
517910 -
Loan Approval Date
9/22/2004
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pacific Western Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Business Line of Credit
SBA Participating Banks in Rancho Santa Fe, California
California SBA 7A Lenders