Salinas, California Bank Lends Money to Engineering Services Company in Monterey, California

Want to talk with a Salinas, California bank about an SBA loan? Here's one California business loan, issued by a Salinas bank, that was approved by the SBA.

Applying for an SBA loan with Community Bank - Cent. Californi worked out well for our friends at one local firm in Monterey, California. They received an SBA loan for $495,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
MONTEREY, CA 93940

SBA Loan Lender

COMMUNITY BANK - CENT. CALIFORNI
301 MAIN ST
SALINAS, CA 93901

This lender provides SBA guaranteed business 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

541330 - Engineering Services

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $371,250.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank - Cent. Californi had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank - Cent. Californi 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.

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