Pacheco, California Business Gets SBA-Guaranteed Funding from First Bank
First Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in Pacheco, California was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Bank, operating out of Creve Coeur, Missouri. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: RETAIL STORES
PACHECO, CA 94553
SBA Loan Lender
FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141
This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5999 - Retail Stores
Loan Approval Date
1/10/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $45,000.
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 30 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source
This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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.
Related Links:
How to Raise Money
Best Creve Coeur, Missouri Banks for Small Business
Find an SBA Lender in Missouri