 |
 |
May 4, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > First Bank - San Luis Obispo A D San Luis Obispo Business Loans > Automotive Parts And Accessories Stores Loan | ||||
 |
||||
First Bank - San Luis Obispo A D
|
||||
 |
First Bank - San Luis Obispo A D SBA Loan to Automotive Parts And Accessories Stores CompanyAn SBA loan from First Bank - San Luis Obispo A D typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Luis Obispo, California business owner got a $200,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Luis Obispo, California was able to borrow $200,000 from First Bank - San Luis Obispo A D. The SBA made the loan possible by guaranteeing $100,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES SBA Loan Lender FIRST BANK - SAN LUIS OBISPO A D The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 441310 - Automotive Parts and Accessories Stores Loan Approval Date 6/10/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 35 employees. This SBA loan request indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $200,000. How would you spend $200,000 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: Best Banks in San Luis Obispo, California
|
|
||
|
||||
|
|
||||