Florists Loans

With these loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $150,000 was given to a California entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Gilroy, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community Bank - Cent. Californi, based in Salinas, California.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
GILROY, CA 95020

SBA Loan Lender

COMMUNITY BANK - CENT. CALIFORNI
301 MAIN ST
SALINAS, CA 93901

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

1/27/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank - Cent. Californi and they will explain how you can get an SBA loan for your company.

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:

Business Incubators

SBA Participating Banks in Salinas, California

SBA California Banks