SBA Loan from First Bank Helps General Warehousing And Storage Company

An SBA loan from First Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Escondido, California business owner got a $210,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Escondido, California, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First Bank, based in Chula Vista, California.

SBA Loan Borrower

COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE
ESCONDIDO, CA 92025

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

This SBA business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4225 - General Warehousing and Storage

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

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 50 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Escondido CA, you ought to talk with a local Escondido SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Escondido businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $210,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Famous Venture Capitalists

Find an SBA Lender in Chula Vista, California

Browse All Business Loan Sources for California