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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Barbara, Business Loans > Pacific Cap. Bank Santa Barbara Business Loans > Car Washes Loan | ||||
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California SBA Lenders
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Santa Barbara, California Lender Lends Money to Car Washes CompanyThinking about meeting with a Santa Barbara, California bank about a business loan? Here's one California business loan, issued by a Santa Barbara bank, that was approved by the SBA. Applying for an SBA loan with Pacific Cap. Bank worked out well for our friends at one local business in Monterey, California. They received an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender PACIFIC CAP. BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 811192 - Car Washes Loan Approval Date 10/12/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $50,000. How would you spend $50,000 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. Related Links: Who Lends Money to Small Businesses in Santa Barbara, California
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