Coast Comm. Bank A Division - SBA Loan to Physicians Company

An SBA loan from Coast Comm. Bank A Division - typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Aptos, California business owner got a $414,700 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Coast Comm. Bank A Division -, out of Santa Cruz, California. The loan was granted and they received $414,700 to help grow their Aptos, California business.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
APTOS, CA 95003

SBA Loan Lender

COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

6/13/2001

Loan Approval Gross Amount

$414,700

Loan Approval from the SBA

Of the total $414,700 loan amount, the SBA guaranteed $311,025.

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 3 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Coast Comm. Bank A Division - are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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