Community Bank - Cent. Californi SBA Loan to Industrial Process Measurement, Display And Control Instruments Company

Community Bank - Cent. Californi has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Monterey, California, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Community Bank - Cent. Californi, based in Salinas, California.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS MEASUREMENT, DISPLAY AND CONTROL INSTRUMENTS
MONTEREY, CA 93940

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334513 - Industrial Process Measurement, Display and Control Instruments

Loan Approval Date

8/2/2005

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

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 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Monterey or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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