Transit and Ground Passenger Transportation Commercial Loans
With these commercial loans for transit and ground passenger transportation, the SBA guarantees the lender that the loan will be repaid. This transit and ground passenger transportation loan for $125,000 was given to a California entrepreneur in 2007.
This business knew how to go about getting a business bank loan. Based in San Diego, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Heritage Oaks Bank, based in Paso Robles, California.
SBA Loan Borrower
COMPANY TYPE: TRANSIT AND GROUND PASSENGER TRANSPORTATION
SAN DIEGO, CA 92122
SBA Loan Lender
HERITAGE OAKS BANK
545 12TH ST
PASO ROBLES, CA 93446
This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
485999 - Transit and Ground Passenger Transportation
Loan Approval Date
10/17/2007
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $106,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Strategic Investors
SBA Banks in Paso Robles, California
California SBA 7A Banks