Loan Census Banking News and Information
November 14, 2024  
 
 
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California SBA Lenders

 

 
Loan Census SBA Loan Info

Covina, California Bank Gives SBA Loan to Automotive Repair Shops Company

Get business loans from a Covina, California bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Pacific Western Bank is a Covina, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR SHOPS
MONROVIA, CA 91016

SBA Loan Lender

PACIFIC WESTERN BANK
728 S CITRUS AVE
COVINA, CA 91723

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7539 - Automotive Repair Shops

NAICS Code

811118 - Automotive Mechanical and Electrical Repair and Maintenance

Loan Approval Date

8/1/2000

Loan Approval Gross Amount

$339,700

Loan Approval from the SBA

Of the total $339,700 loan amount, the SBA guaranteed $254,775.

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 3 employees. The loan application did not indicate that the small business promised to use the funding 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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Raising Venture Capital

SBA 7A Lenders in Covina, California

Getting an SBA Loan in California