Bank Of America Gives Small Business Loan to Educational Support Services Company

CaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a North Carolina bank provides the loan.

Getting a small business loan in Laguna Niguel, California was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: EDUCATIONAL SUPPORT SERVICES
LAGUNA NIGUEL, CA 92677

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are raising money in Laguna Niguel CA, you ought to talk with a local Laguna Niguel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Laguna Niguel businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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