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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Neighborhood National Bank San Diego Business Loans > Tobacco And Tobacco Product Merchant Wholesalers Loan | ||||
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Neighborhood National Bank
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Business Loan from Neighborhood National Bank Given to Tobacco And Tobacco Product Merchant Wholesalers CompanyAn SBA loan from Neighborhood National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an El Cajon, California business owner got a $419,400 loan. This business knew how to go about getting a business bank loan. Based in El Cajon, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Neighborhood National Bank, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: TOBACCO AND TOBACCO PRODUCT MERCHANT WHOLESALERS SBA Loan Lender NEIGHBORHOOD NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424940 - Tobacco and Tobacco Product Merchant Wholesalers Loan Approval Date 6/8/2004 Loan Approval Gross Amount $419,400 Loan Approval from the SBA Of the total $419,400 loan amount, the SBA guaranteed $314,550. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Who Lends Money to Small Businesses in San Diego, California
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