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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Pacific Crest Bank San Diego Business Loans > Toy And Hobby Goods And Supplies Merchant Wholesalers Loan | ||||
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Business Loans for Long Beach Business Owners
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Where to Get Capital for Toy and Hobby Goods and Supplies Merchant WholesalersLooking for small business loans for toy and hobby goods and supplies merchant wholesalers? The SBA may be the answer. This $180,000 toy and hobby goods and supplies merchant wholesalers loan was issued by a California bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pacific Crest Bank, out of San Diego, California. The loan was granted and they received $180,000 to help grow their Long Beach, California business. SBA Loan Borrower COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender PACIFIC CREST BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423920 - Toy and Hobby Goods and Supplies Merchant Wholesalers Loan Approval Date 3/25/2004 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. 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 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pacific Crest Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in San Diego, California
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