SBA Loan from Pacific Coast National Bank Helps Fitness And Recreational Sports Centers Company

An SBA loan from Pacific Coast National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Midway City, California business owner got a $243,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Pacific Coast National Bank, out of San Clemente, California. The loan was granted and they received $243,500 to help grow their Midway City, California business.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
MIDWAY CITY, CA 92655

SBA Loan Lender

PACIFIC COAST NATIONAL BANK
905 CALLE AMANECER
SAN CLEMENTE, CA 92673

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/3/2007

Loan Approval Gross Amount

$243,500

Loan Approval from the SBA

Of the total $243,500 loan amount, the SBA guaranteed $182,625.

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 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pacific Coast National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pacific Coast National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Strategic Investors

Best San Clemente, California Banks for Small Business

SBA California Lenders