Hathaway Pines, California Business Gets SBA-Guaranteed Funding from Pacific State Bank

An SBA loan from Pacific State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hathaway Pines, California business owner got a $280,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hathaway Pines, California was able to borrow $280,000 from Pacific State Bank. The SBA made the loan possible by guaranteeing $210,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
HATHAWAY PINES, CA 95233

SBA Loan Lender

PACIFIC STATE BANK
1899 W MARCH LN
STOCKTON, CA 95207

This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

2/11/2002

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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