Loan Census Banking News and Information
April 18, 2024  
 
 
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Mammoth Lakes, California SBA Banks

 

 
Loan Census SBA Loan Info

Mammoth Lakes, California Bank Lends Money to Pet Care Services Company in Mammoth Lakes, California

Get business loans from a Mammoth Lakes, California bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Eastern Sierra Commun Bank A D is a Mammoth Lakes, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.

SBA Loan Borrower

COMPANY TYPE: PET CARE SERVICES
MAMMOTH LAKES, CA 93546

SBA Loan Lender

EASTERN SIERRA COMMUN BANK A D
170 MOUNTAIN BLVD
MAMMOTH LAKES, CA 93546

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812910 - Pet Care Services

Loan Approval Date

3/21/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 only one employee. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Eastern Sierra Commun Bank A D so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Determining Proper Capital Structure for a Business

Best Banks in Mammoth Lakes, California

Getting an SBA Loan in California