Escondido, California Business Gets SBA-Guaranteed Funding from Vineyard Bank

Vineyard Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.

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 2005. The lending bank was Vineyard Bank, based in Corona, California.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
ESCONDIDO, CA 92025

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

2/24/2005

Loan Approval Gross Amount

$567,000

Loan Approval from the SBA

Of the total $567,000 loan amount, the SBA guaranteed $425,250.

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 68 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 82 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Vineyard Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Vineyard 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:

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SBA Approved Banks in Corona, California

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