SBA Loan from Pacific Cap. Bank Helps Baked Goods Stores Company
An SBA loan from Pacific Cap. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gilroy, California business owner got a $245,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gilroy, California was able to borrow $245,000 from Pacific Cap. Bank. The SBA made the loan possible by guaranteeing $183,750 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: BAKED GOODS STORES
GILROY, CA 95020
SBA Loan Lender
PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101
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
445291 - Baked Goods Stores
Loan Approval Date
6/4/2002
Loan Approval Gross Amount
$245,000
Loan Approval from the SBA
Of the total $245,000 loan amount, the SBA guaranteed $183,750.
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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $245,000 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.
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