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

Guaranty Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.

This growing company knew how to go about getting a business bank loan. Based in Palm Desert, California, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Guaranty Bank, based in Austin, Texas.

SBA Loan Borrower

COMPANY TYPE: TELEPHONE ANSWERING SERVICES
PALM DESERT, CA 92211

SBA Loan Lender

GUARANTY BANK
1300 S MOPAC EXPWY
AUSTIN, TX 78746

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561421 - Telephone Answering Services

Loan Approval Date

10/30/2006

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 2 employees. This SBA loan request indicated that the loan would help create 6 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Palm Desert CA, you ought to talk with a local Palm Desert SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palm Desert businesses.

We can help you find the best banks for small businesses in Palm Desert 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.

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