San Luis Obispo, California Bank Lends Money to Women's Clothing Stores Company in San Luis Obispo, California

Get to know San Luis Obispo, California banks that specialize in SBA loans and know how to work with entrepreneurs. First Bank - San Luis Obispo A D is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in San Luis Obispo, California starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First Bank - San Luis Obispo A D. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

FIRST BANK - SAN LUIS OBISPO A D
995 HIGUERA ST
SAN LUIS OBISPO, CA 93401

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.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

11/21/2003

Loan Approval Gross Amount

$391,000

Loan Approval from the SBA

Of the total $391,000 loan amount, the SBA guaranteed $293,250.

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 21 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 21 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $391,000 loan. Remember, where there is a will, there is a way!

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:

Debt Financing

Banks in San Luis Obispo, California

SBA Lenders in California