Palm Desert, California Business Gets SBA-Guaranteed Funding from Inland Commun Bank

An SBA loan from Inland Commun Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Palm Desert, California business owner got a $362,800 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Inland Commun Bank, out of Rialto, California. The loan was granted and they received $362,800 to help grow their Palm Desert, California business.

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING SERVICES
PALM DESERT, CA 92284

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

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

541219 - Accounting Services

Loan Approval Date

7/24/2006

Loan Approval Gross Amount

$362,800

Loan Approval from the SBA

Of the total $362,800 loan amount, the SBA guaranteed $272,100.

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 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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