Company Gets a California SBA Loan
SBA loans in California are tough to come by these days. We take a look at one California SBA loan, provided by a California bank, that was approved by the SBA.
Getting a small business loan in Bridgeport, California was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Eastern Sierra Commun Bank A D. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: RV PARKS AND CAMPGROUNDS
BRIDGEPORT, CA 93517
SBA Loan Lender
EASTERN SIERRA COMMUN BANK A D
170 MOUNTAIN BLVD
MAMMOTH LAKES, CA 93546
This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721211 - RV Parks and Campgrounds
Loan Approval Date
3/21/2002
Loan Approval Gross Amount
$33,400
Loan Approval from the SBA
Of the total $33,400 loan amount, the SBA guaranteed $28,390.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Bridgeport 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.
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