Entrepreneur Works With Costa Mesa, California Bank to Get an SBA Loan
Thinking about meeting with a Costa Mesa, California bank about an SBA loan? Here's one California business loan, issued by a Costa Mesa bank, that was approved by the SBA.
Applying for an SBA loan with Pacific Mercantile Bank worked out well for our friends at one local firm in Bloomington, California. The business was able to get an SBA loan for $150,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
BLOOMINGTON, CA 92316
SBA Loan Lender
PACIFIC MERCANTILE BANK
949 S COAST DR, THIRD FL
COSTA MESA, CA 92626
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
321920 - Wood Container and Pallet Manufacturing
Loan Approval Date
2/19/2008
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 17 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 22 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money
This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Determining Proper Capital Structure for a Business
Best Banks for Small Business in Costa Mesa, California
SBA Lenders in California