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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Barbara, Business Loans > Montecito Bank & Trust Santa Barbara Business Loans > Convenience Stores Loan | ||||
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Montecito Bank & Trust
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Montecito Bank & Trust SBA Loan to Convenience Stores CompanyMontecito Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Montecito Bank & Trust, out of Santa Barbara, California. The loan was granted and they received $254,000 to help grow their Santa Barbara, California business. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender MONTECITO BANK & TRUST This lender provides SBA guaranteed 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 445120 - Convenience Stores Loan Approval Date 11/14/2003 Loan Approval Gross Amount $254,000 Loan Approval from the SBA Of the total $254,000 loan amount, the SBA guaranteed $190,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! If you are raising money in Santa Barbara CA, you ought to talk with a local Santa Barbara SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Barbara businesses. We can help you find the best banks for small businesses in Santa Barbara or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banks in Santa Barbara, California Getting a Business Loan in California
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