Salinas, California Business Gets SBA-Guaranteed Funding from Coast Comm. Bank A Division -

An SBA loan from Coast Comm. Bank A Division - typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Salinas, California business owner got a $274,400 loan.

This small firm knew how to go about getting a business bank loan. Based in Salinas, California, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Coast Comm. Bank A Division -, based in Santa Cruz, California.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED HOME DEALERS
SALINAS, CA 93912

SBA Loan Lender

COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453930 - Manufactured Home Dealers

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$274,400

Loan Approval from the SBA

Of the total $274,400 loan amount, the SBA guaranteed $205,800.

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 retain 6 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Coast Comm. Bank A Division - that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 - Friends and Family

Small Business Banks in Santa Cruz, California

Where to Get an SBA Loan California