Hollister, California Business Gets SBA-Guaranteed Funding from Coast Comm. Bank A Division -
Coast Comm. Bank A Division - is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.
This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Coast Comm. Bank A Division -, out of Santa Cruz, California. The loan was granted and they received $262,500 to help grow their Hollister, California business.
SBA Loan Borrower
COMPANY TYPE: POWER, DISTRIBUTION, AND SPECIALTY TRANSFORMER MANUFACTURING
HOLLISTER, CA 95023
SBA Loan Lender
COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
335311 - Power, Distribution, and Specialty Transformer Manufacturing
Loan Approval Date
4/19/2002
Loan Approval Gross Amount
$262,500
Loan Approval from the SBA
Of the total $262,500 loan amount, the SBA guaranteed $196,875.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $262,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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.
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