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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Costa Mesa, Business Loans > Pacific Mercantile Bank Costa Mesa Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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California SBA 7A Lenders
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Costa Mesa, California Lender Lends Money to Mortgage And Nonmortgage Loan Brokers CompanyWant to talk with a Costa Mesa, California bank about a small business 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 Encino, California. The business was able to get an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender PACIFIC MERCANTILE BANK This lender processed this loan for a small business 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 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 7/24/2007 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 12 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Costa Mesa, California Where to Get an SBA Loan California
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