Entrepreneur Works With Grover Beach, California Bank to Get an SBA Loan

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

Applying for an SBA loan with Rabobank, National Association worked out well for our friends at one local company in Morro Bay, California. They received an SBA loan for $105,000. Nice!

SBA Loan Borrower

COMPANY TYPE: WATER TRANSPORTATION OF PASSENGERS
MORRO BAY, CA 93442

SBA Loan Lender

RABOBANK, NATIONAL ASSOCIATION
899 GRAND AVE
GROVER BEACH, CA 93433

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4489 - Water Transportation of Passengers

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $78,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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.

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