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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Toy And Hobby Goods And Supplies Wholesalers Loan | ||||
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SBA Lenders California
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Goleta, California Bank Lends Money to Toy And Hobby Goods And Supplies Wholesalers Company in Placerville, CaliforniaA Goleta, California business loan can be yours. Learn how a business got a $584,000 business loan from this California bank. This loan to a local firm is a good example of an SBA loan. Community W. Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES WHOLESALERS SBA Loan Lender COMMUNITY W. BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421920 - Toy and Hobby Goods and Supplies Wholesalers Loan Approval Date 8/29/2001 Loan Approval Gross Amount $584,000 Loan Approval from the SBA Of the total $584,000 loan amount, the SBA guaranteed $438,000. 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 6 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 6 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. Community W. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community W. 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: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in Goleta, California
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