Santa Barbara, California Bank Lends Money to Physicians Company in Diamond Springs, California

Want to talk with a Santa Barbara, California bank about an SBA loan? Here's one California business loan, issued by a Santa Barbara bank, that was approved by the SBA.

Applying for an SBA loan with Pacific Cap. Bank worked out well for our friends at one local business in Diamond Springs, California. They received an SBA loan for $296,500. Nice!

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
DIAMOND SPRINGS, CA 95619

SBA Loan Lender

PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

9/9/2005

Loan Approval Gross Amount

$296,500

Loan Approval from the SBA

Of the total $296,500 loan amount, the SBA guaranteed $222,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $296,500. How would you spend $296,500 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:

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SBA Approved Banks in Santa Barbara, California

SBA Participating Banks in California