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April 16, 2024  
 
 
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Loan Census SBA Loan Info

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

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

Applying for an SBA loan with American Security Bank worked out well for our friends at one local firm in Big Bear, California. The business was able to get an SBA loan for $354,700. Awesome!

SBA Loan Borrower

COMPANY TYPE: PERSONAL AND HOUSEHOLD GOODS REPAIR AND MAINTENANCE
BIG BEAR, CA 92314

SBA Loan Lender

AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707

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

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

11/9/2000

Loan Approval Gross Amount

$354,700

Loan Approval from the SBA

Of the total $354,700 loan amount, the SBA guaranteed $266,025.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Big Bear or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Realistic Debt Financing Options

Small Bank Loans in Santa Ana, California

California SBA Bank Lenders