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April 26, 2024  
 
 
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How to Get SBA Loans in El Cajon, California

 

 
Loan Census SBA Loan Info

1st Pacific Bank Of California Provides SBA Loan to Buy Winestyles Franchise

Need a loan to invest in a Winestyles franchise? 1st Pacific Bank Of California has a history of making these loans and they are guaranteed by the SBA.

Winestyles franchise loans are available to El Cajon, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st Pacific Bank Of California, based in Solana Beach, California, issued an SBA franchise loan for a Winestyles franchise in 2007. We've got all the details on this California small business loan.

SBA Loan Borrower

WINESTYLES
EL CAJON, CA 92020

SBA Loan Lender

1ST PACIFIC BANK OF CALIFORNIA
937 LOMAS SANTA FE DR
SOLANA BEACH, CA 92075

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/10/2007

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Winestyles franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

WineStyles Inc.

A Company That Helps Entrepreneurs

Banks in Solana Beach, California

Where to Get an SBA Loan California