Entrepreneur Works With San Luis Obispo, California Bank to Get an SBA Loan

Get to know San Luis Obispo, California banks that specialize in business loans and know how to work with entrepreneurs. Mission Community Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Paso Robles (corporate Name El, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Mission Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BOTTLED WATER MANUFACTURING
PASO ROBLES (CORPORATE NAME EL, CA 93446

SBA Loan Lender

MISSION COMMUNITY BANK
581 HIGUERA ST
SAN LUIS OBISPO, CA 93401

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

312112 - Bottled Water Manufacturing

Loan Approval Date

9/28/2001

Loan Approval Gross Amount

$1,344,000

Loan Approval from the SBA

Of the total $1,344,000 loan amount, the SBA guaranteed $999,989.

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 36 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 36 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mission Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mission Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in San Luis Obispo, California

California SBA 7A Lenders