Indio, California Business Gets SBA-Guaranteed Funding from Pacific Western Bank

An SBA loan from Pacific Western Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Indio, California business owner got a $1,088,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Indio, California was able to borrow $1,088,000 from Pacific Western Bank. The SBA made the loan possible by guaranteeing $749,991 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
INDIO, CA 92201

SBA Loan Lender

PACIFIC WESTERN BANK
4365 EXECUTIVE DR, STE 125
SAN DIEGO, CA 94301

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

4/21/2000

Loan Approval Gross Amount

$1,088,000

Loan Approval from the SBA

Of the total $1,088,000 loan amount, the SBA guaranteed $749,991.

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 11 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pacific Western Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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