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April 19, 2024  
 
 
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Costa Mesa, California SBA Lenders

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Costa Mesa, California Bank to Get an SBA Loan

Thinking about meeting with a Costa Mesa, California bank about an SBA loan? Here's one California business loan, issued by a Costa Mesa bank, that was approved by the SBA.

Applying for an SBA loan with Pacific Mercantile Bank worked out well for our friends at one local firm in Bloomington, California. The business was able to get an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
BLOOMINGTON, CA 92316

SBA Loan Lender

PACIFIC MERCANTILE BANK
949 S COAST DR, THIRD FL
COSTA MESA, CA 92626

This lender processed this commercial 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

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

2/19/2008

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 17 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 22 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in Costa Mesa, California

SBA Lenders in California