Business Loan from Metropacific Bank Given to Security Guards And Patrol Services Company
An SBA loan from Metropacific Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Newport Beach, California business owner got a $213,000 loan.
This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Metropacific Bank, out of Irvine, California. The loan was granted and they received $213,000 to help grow their Newport Beach, California business.
SBA Loan Borrower
COMPANY TYPE: SECURITY GUARDS AND PATROL SERVICES
Newport Beach, CA 92660
SBA Loan Lender
METROPACIFIC BANK
18831 VON KARMAN AVE, STE 101
IRVINE, CA 92612
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
561612 - Security Guards and Patrol Services
Loan Approval Date
9/14/2007
Loan Approval Gross Amount
$213,000
Loan Approval from the SBA
Of the total $213,000 loan amount, the SBA guaranteed $159,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 220 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Newport Beach 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.
Related Links:
SBIR Funding
Small Bank Loans in Irvine, California
SBA Lenders in California