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March 29, 2024  
 
 
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California SBA Lenders

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Santa Cruz, California Bank to Get an SBA Loan

Find Santa Cruz, California banks that specialize in small business loans and know how to work with entrepreneurs. Santa Cruz Community Cu is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: PRINTED CIRCUIT ASSEMBLY MANUFACTURING
WATSONVILLE, CA 95076

SBA Loan Lender

SANTA CRUZ COMMUNITY CU
324 FRONT ST
SANTA CRUZ, CA 95060

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

334418 - Printed Circuit Assembly Manufacturing

Loan Approval Date

3/17/2004

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Santa Cruz, California

Find an SBA Lender in California