SBA Loan from Pacific Coast National Bank Helps Motorcycle, Atv, And Personal Watercraft Dealers Company

An SBA loan from Pacific Coast National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Escondico, California business owner got a $260,600 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Pacific Coast National Bank, out of San Clemente, California. The loan was granted and they received $260,600 to help grow their Escondico, California business.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE, ATV, AND PERSONAL WATERCRAFT DEALERS
ESCONDICO, CA 92029

SBA Loan Lender

PACIFIC COAST NATIONAL BANK
905 CALLE AMANECER
SAN CLEMENTE, CA 92673

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441221 - Motorcycle, ATV, and Personal Watercraft Dealers

Loan Approval Date

3/30/2007

Loan Approval Gross Amount

$260,600

Loan Approval from the SBA

Of the total $260,600 loan amount, the SBA guaranteed $195,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $260,600 loan. Remember, things become real when you believe you can achieve them!

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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Small Bank Loans in San Clemente, California

Getting an SBA Loan in California