Chula Vista, California Bank Lends Money to Diagnostic Imaging Centers Company in Mission Viejo, California

Find Chula Vista, California banks that specialize in SBA loans and know how to work with entrepreneurs. Seacoast Commerce Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: DIAGNOSTIC IMAGING CENTERS
MISSION VIEJO, CA 92692

SBA Loan Lender

SEACOAST COMMERCE BANK
678 3RD AVE, STE 101
CHULA VISTA, CA 91910

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621512 - Diagnostic Imaging Centers

Loan Approval Date

7/25/2005

Loan Approval Gross Amount

$460,000

Loan Approval from the SBA

Of the total $460,000 loan amount, the SBA guaranteed $345,000.

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. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Seacoast Commerce 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:

Business Incubators

SBA Approved Banks in Chula Vista, California

Getting an SBA Loan in California