Escondido, California Bank Lends Money to Fresh Fruit And Vegetable Wholesalers Company in Los Angeles, California

Get to know Escondido, California banks that specialize in business loans and know how to work with entrepreneurs. Pacific Western Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Los Angeles, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Pacific Western Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FRESH FRUIT AND VEGETABLE WHOLESALERS
LOS ANGELES, CA 90058

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422480 - Fresh Fruit and Vegetable Wholesalers

Loan Approval Date

7/9/2001

Loan Approval Gross Amount

$612,900

Loan Approval from the SBA

Of the total $612,900 loan amount, the SBA guaranteed $459,675.

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 7 employees. The SBA loan documents indicated that the borrowed money would help generate 5 new jobs.

Getting an SBA Loan For Your Business

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

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 Pacific Western 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.

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