Pacific Western Bank Gives Small Business Loan to Elementary And Secondary Schools Company
CaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a California bank provides the loan.
By giving the right information to Pacific Western Bank, this Encinitas, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: ELEMENTARY AND SECONDARY SCHOOLS
ENCINITAS, CA 92024
SBA Loan Lender
PACIFIC WESTERN BANK
4365 EXECUTIVE DR, STE 125
SAN DIEGO, CA 94301
This lender provides SBA bank 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
611110 - Elementary and Secondary Schools
Loan Approval Date
9/18/2001
Loan Approval Gross Amount
$324,600
Loan Approval from the SBA
Of the total $324,600 loan amount, the SBA guaranteed $243,450.
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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs.
Next Steps for Getting an SBA Loan
If you want money for new small business in Encinitas CA, you ought to talk with a local Encinitas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Encinitas businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pacific Western Bank and they will explain how you can get an SBA loan for your company.
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:
Understanding Dilution
SBA 7A Banks for San Diego, California Loans
Getting an SBA Loan in California