Arroyo Grande, California Bank Gives SBA Loan to General Automotive Repair Company

Get to know Arroyo Grande, California banks that specialize in SBA loans and know how to work with entrepreneurs. Rabobank, National Association is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
LOS OSOS, CA 93402

SBA Loan Lender

RABOBANK, NATIONAL ASSOCIATION
1026 E GRAND AVE
ARROYO GRANDE, CA 93420

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

3/30/2001

Loan Approval Gross Amount

$487,000

Loan Approval from the SBA

Of the total $487,000 loan amount, the SBA guaranteed $365,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Rabobank, National Association 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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SBA 7A Banks for Arroyo Grande, California Loans

Getting a Business Loan in California