Loan Census Banking News and Information
June 19, 2021  
 
 
  Business Loan Information  
 

Riverside, California Bank Loan

 

 
Loan Census SBA Loan Info

Business Loans for General Merchandise Stores

Looking for business loans for general merchandise stores? The SBA may be the answer. This $287,092 general merchandise stores loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Riverside, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Southern Calif, based in Fallbrook, California.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
RIVERSIDE, CA 92506

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
139 S MAIN ST
FALLBROOK, CA 92028

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

7/16/2004

Loan Approval Gross Amount

$287,092

Loan Approval from the SBA

Of the total $287,092 loan amount, the SBA guaranteed $215,319.

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 24 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $287,092 loan. Remember, things become real when you believe you can achieve them!

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:

Bank Credit Lines

Good Banks for Small Business in Fallbrook, California

California SBA 7A Lenders