Business Loan from Santa Cruz County Bank Given to New Car Dealers Company

An SBA loan from Santa Cruz County Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Capitola, California business owner got a $700,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Capitola, California, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Santa Cruz County Bank, based in Santa Cruz, California.

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
CAPITOLA, CA 95010

SBA Loan Lender

SANTA CRUZ COUNTY BANK
325 SOQUEL AVE
SANTA CRUZ, CA 95062

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

7/18/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Capitola CA, you ought to talk with a local Capitola SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Capitola businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Santa Cruz County 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.

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