Chula Vista, California Bank Gives SBA Loan to Meat And Fish Market Company

Thinking about meeting with a Chula Vista, California bank about an SBA loan? Here's one California business loan, issued by a Chula Vista bank, that was approved by the SBA.

Applying for an SBA loan with First Bank worked out well for our friends at one local company in Lemon Grove, California. They received an SBA loan for $210,000. Nice!

SBA Loan Borrower

COMPANY TYPE: MEAT AND FISH MARKET
LEMON GROVE, CA 91945

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5421 - Meat and Fish Market

NAICS Code

445210 - Meat Markets

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Lemon Grove CA, you ought to talk with a local Lemon Grove SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lemon Grove businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Bank 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.

Related Links:

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