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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Mission Community Bank San Luis Obispo Business Loans > Packaged Frozen Food Merchant Wholesalers Loan | ||||
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Who Can Get a Business Loan in Atascadero, California?
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Commercial Loans for Packaged Frozen Food Merchant WholesalersLooking for commercial loans for packaged frozen food merchant wholesalers? Talk to a banker who works with the SBA. This $35,000 packaged frozen food merchant wholesalers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atascadero, California was able to borrow $35,000 from Mission Community Bank. The SBA made the loan possible by guaranteeing $29,750 of this California small business loan. SBA Loan Borrower COMPANY TYPE: PACKAGED FROZEN FOOD MERCHANT WHOLESALERS SBA Loan Lender MISSION COMMUNITY BANK 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 424420 - Packaged Frozen Food Merchant Wholesalers Loan Approval Date 2/10/2006 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. 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 application for the borrower indicated that the funding would help generate 2 new jobs. Next Steps for Getting an SBA Loan If you need business start up money in Atascadero CA, you ought to talk with a local Atascadero SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Atascadero businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Mission Community Bank 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. Related Links: Raising VC Money for Social Networking Companies SBA 7A Banks for San Luis Obispo, California Loans
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