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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Margarit, Business Loans > South Cnty Bank Rancho Santa Margarit Business Loans > Canvas And Related Product Mills Loan | ||||
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South Cnty Bank Business Loan Lake Foreset, CA
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Lake Foreset, California Business Gets SBA-Guaranteed Funding from South Cnty BankAn SBA loan from South Cnty Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lake Foreset, California business owner got a $250,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake Foreset, California was able to borrow $250,000 from South Cnty Bank. The SBA made the loan possible by guaranteeing $125,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: CANVAS AND RELATED PRODUCT MILLS SBA Loan Lender SOUTH CNTY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 314912 - Canvas and Related Product Mills Loan Approval Date 3/2/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Rancho Santa Margarit, California Browse All Business Loan Sources for California
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