Business Loan from Point Loma Community Bank Given to Shellfish Fishing Company
Point Loma Community Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.
This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Point Loma Community Bank, out of San Diego, California. The loan was granted and they received $470,000 to help grow their Long Beach, California business.
SBA Loan Borrower
COMPANY TYPE: SHELLFISH FISHING
LONG BEACH, CA 90808
SBA Loan Lender
POINT LOMA COMMUNITY BANK
1350 ROSECRANS ST
SAN DIEGO, CA 92106
This lender provides SBA business 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.
114112 - Shellfish Fishing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $470,000 loan amount, the SBA guaranteed $352,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had no employees. This SBA loan request indicated that the loan would help create 2 new jobs.
Getting an SBA Loan For Your Business
If you need business start up money in Long Beach CA, you ought to talk with a local Long Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Long Beach businesses.
This SBA loan was for $470,000. How would you spend $470,000 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.
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