Pacific Coast National Bank SBA Loan to Full-Service Restaurants Company

An SBA loan from Pacific Coast National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Clemente, California business owner got a $616,900 loan.

This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Pacific Coast National Bank, out of San Clemente, California. The loan was granted and they received $616,900 to help grow their San Clemente, California business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
SAN CLEMENTE, CA 92672

SBA Loan Lender

PACIFIC COAST NATIONAL BANK
905 CALLE AMANECER
SAN CLEMENTE, CA 92673

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

722110 - Full-Service Restaurants

Loan Approval Date

10/19/2007

Loan Approval Gross Amount

$616,900

Loan Approval from the SBA

Of the total $616,900 loan amount, the SBA guaranteed $462,675.

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 65 employees. The SBA loan application for the borrower indicated that the loan would help retain 65 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in San Clemente or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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