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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Marcos, Business Loans > Discovery Bank San Marcos Business Loans > Used Car Dealers Loan | ||||
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Advice for Business Owners On Getting a Loan
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Used Car Dealers Small Business LoansLooking for small business loans for used car dealers? The SBA may be the answer. This $266,000 used car dealers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Escondido, California was able to borrow $266,000 from Discovery Bank. The SBA made the loan possible by guaranteeing $199,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender DISCOVERY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 5/31/2002 Loan Approval Gross Amount $266,000 Loan Approval from the SBA Of the total $266,000 loan amount, the SBA guaranteed $199,500. 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 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $266,000. How would you spend $266,000 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: How Much Venture Capital Is There? SBA Banks in San Marcos, California
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