SBA Loan from Bank Of Escondido Helps Home Furnishings Stores Company

An SBA loan from Bank Of Escondido typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oceanside, California business owner got a $411,500 loan.

Getting a small business loan in Oceanside, California was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Escondido, operating out of Escondido, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
OCEANSIDE, CA 92054

SBA Loan Lender

BANK OF ESCONDIDO
200 W GRAND AVE
ESCONDIDO, CA 92025

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

442299 - Home Furnishings Stores

Loan Approval Date

4/10/2007

Loan Approval Gross Amount

$411,500

Loan Approval from the SBA

Of the total $411,500 loan amount, the SBA guaranteed $308,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 8 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Escondido are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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