Santa Cruz, California Bank Gives SBA Loan to Funeral Homes And Funeral Services Company

Want to talk with a Santa Cruz, California bank about a small business loan? Here's one California business loan, issued by a Santa Cruz bank, that was approved by the SBA.

Applying for an SBA loan with Coast Comm. Bank A Division - worked out well for our friends at one local company in Wasco, California. They got an SBA loan for $1,334,000. Nice!

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
WASCO, CA 93280

SBA Loan Lender

COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060

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.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

5/24/2002

Loan Approval Gross Amount

$1,334,000

Loan Approval from the SBA

Of the total $1,334,000 loan amount, the SBA guaranteed $999,166.

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 12 employees. The loan application indicated that the loan would help retain 12 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Coast Comm. Bank A Division - and they will explain how you can get an SBA loan for your company.

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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