San Luis Obispo, California Lender Lends Money to Nursery And Garden Centers Company
Thinking about meeting with a San Luis Obispo, California bank about an SBA loan? Here's one California business loan, issued by a San Luis Obispo bank, that was approved by the SBA.
Applying for an SBA loan with Mission Community Bank worked out well for our friends at one local business in Paso Robles (corporate Name El, California. They received an SBA loan for $25,000. Nice!
SBA Loan Borrower
COMPANY TYPE: NURSERY AND GARDEN CENTERS
PASO ROBLES (CORPORATE NAME EL, CA 93446
SBA Loan Lender
MISSION COMMUNITY BANK
581 HIGUERA ST
SAN LUIS OBISPO, CA 93401
This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
444220 - Nursery and Garden Centers
Loan Approval Date
9/17/2004
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
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 $25,000 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.
Related Links:
Direct Public Offerings
SBA Approved Banks in San Luis Obispo, California
Getting an SBA Loan in California