Santa Barbara, California Lender Lends Money to Musical Instrument And Supplies Stores Company

Get to know Santa Barbara, California banks that specialize in small business loans and know how to work with entrepreneurs. Montecito Bank & Trust is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Santa Barbara, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Montecito Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES
SANTA BARBARA, CA 93105

SBA Loan Lender

MONTECITO BANK & TRUST
1106 COAST VILLAGE RD
SANTA BARBARA, CA 93108

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

12/3/2001

Loan Approval Gross Amount

$872,900

Loan Approval from the SBA

Of the total $872,900 loan amount, the SBA guaranteed $654,675.

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 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Santa Barbara CA, you ought to talk with a local Santa Barbara SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Barbara businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Montecito Bank & Trust 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.

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