SBA Loan from First National Bank - Southern Calif Helps Beer, Wine, And Liquor Stores Company

An SBA loan from First National Bank - Southern Calif typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Palm Springs, California business owner got a $538,250 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First National Bank - Southern Calif, out of Vista, California. The loan was granted and they received $538,250 to help grow their Palm Springs, California business.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
PALM SPRINGS, CA 92262

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
302 E BROADWAY
VISTA, CA 92084

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$538,250

Loan Approval from the SBA

Of the total $538,250 loan amount, the SBA guaranteed $403,688.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Palm Springs CA, you ought to talk with a local Palm Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palm Springs businesses.

This SBA loan was for $538,250. How would you spend $538,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Getting an SBA Loan in California