Growing Company Gets a California SBA Loan

Looking to get a California bank loan? This California entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners.

Getting a small business loan in Mission Viejo, California was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community Bank. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
MISSION VIEJO, CA 92691

SBA Loan Lender

COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101

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

321918 - Millwork

Loan Approval Date

6/2/2004

Loan Approval Gross Amount

$1,475,000

Loan Approval from the SBA

Of the total $1,475,000 loan amount, the SBA guaranteed $1,106,250.

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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Mission Viejo CA, you ought to talk with a local Mission Viejo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mission Viejo businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 Credit Evaluation

Find an SBA Lender in Pasadena, California

Getting a Business Loan in California