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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Pacific Western Bank San Diego Business Loans > Arrangement Of Transportation Of Freight And Cargo Loan | ||||
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San Diego, California Bank Loan
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Where to Get Capital for Freight Transportation ArrangementWith these small business loans for freight transportation arrangement, the SBA guarantees the lender that the loan will be repaid. This freight transportation arrangement loan for $500,000 was given to a California entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Diego, California was able to borrow $500,000 from Pacific Western Bank. The SBA made the loan possible by guaranteeing $375,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: ARRANGEMENT OF TRANSPORTATION OF FREIGHT AND CARGO SBA Loan Lender PACIFIC WESTERN BANK At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program was created to provide fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4731 - Arrangement of Transportation of Freight and Cargo NAICS Code 488510 - Freight Transportation Arrangement Loan Approval Date 6/16/2000 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pacific Western Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks for Small Business in San Diego, California Browse All Business Loan Sources for California
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