California Bank Loan Issued to Bottled Water Manufacturing Company

Searching for a California small business loan? This California entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners.

This company, based in Atascadero, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Santa Lucia Bank. We've got the inside scoop on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BOTTLED WATER MANUFACTURING
ATASCADERO, CA 93422

SBA Loan Lender

SANTA LUCIA BANK
7480 EL CAMINO REAL
ATASCADERO, CA 93422

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312112 - Bottled Water Manufacturing

Loan Approval Date

4/4/2001

Loan Approval Gross Amount

$205,700

Loan Approval from the SBA

Of the total $205,700 loan amount, the SBA guaranteed $154,275.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Santa Lucia Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Santa Lucia Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

SBA 7A Banks in Atascadero, California

Getting an SBA Loan in California