Business Loan from Pacific Western Bank Given to Air-Conditioning And Warm Air Heating Equipment Company
Pacific Western Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in Corona, California was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Pacific Western Bank, operating out of Rancho Santa Fe, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: AIR-CONDITIONING AND WARM AIR HEATING EQUIPMENT
CORONA, CA 92882
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
333415 - Air-Conditioning and Warm Air Heating Equipment
Loan Approval Date
5/27/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 14 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 15 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pacific Western Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pacific Western Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Business Incubators
Where to Get an SBA Loan in Rancho Santa Fe, California
California SBA Banks