SBA Loan from First National Bank - Southern Calif Helps Car Washes 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 Redlands, California business owner got a $36,500 loan.

Getting a small business loan in Redlands, California was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Southern Calif, operating out of Riverside, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
REDLANDS, CA 92373

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
3727 ARLINGTON AVE, STE 202 A
RIVERSIDE, CA 92506

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811192 - Car Washes

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$36,500

Loan Approval from the SBA

Of the total $36,500 loan amount, the SBA guaranteed $18,250.

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 47 employees. This SBA loan request indicated that the loan would help retain 47 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $36,500 loan. Remember, anyone can do it... so why not you?

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:

Understanding Dilution

Banks in Riverside, California

Where to Get an SBA Loan California