Rancho Santa Fe, California Bank Lends Money to Lessors Of Nonfinancial Intangible Assets Company in Carlsbad, California
Get to know Rancho Santa Fe, California banks that specialize in SBA loans and know how to work with entrepreneurs. Pacific Western Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Carlsbad, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Pacific Western Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: LESSORS OF NONFINANCIAL INTANGIBLE ASSETS
CARLSBAD, CA 92009
SBA Loan Lender
PACIFIC WESTERN BANK
6110 EL TORDO
RANCHO SANTA FE, CA 92067
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
533110 - Lessors of Nonfinancial Intangible Assets
Loan Approval Date
1/30/2004
Loan Approval Gross Amount
$50,100
Loan Approval from the SBA
Of the total $50,100 loan amount, the SBA guaranteed $25,050.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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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