San Diego, California Lender Lends Money to Fitness And Recreational Sports Centers Company

A San Diego, California business loan can be yours. Learn how a business got a $552,400 business loan from this California bank.

This loan to an entrepreneur is a good example of an SBA loan. 1st Pacific Bank Of California 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: FITNESS AND RECREATIONAL SPORTS CENTERS
SAN DIEGO, CA 92122

SBA Loan Lender

1ST PACIFIC BANK OF CALIFORNIA
9333 GENESEE AVE, STE 300
SAN DIEGO, CA 92121

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$552,400

Loan Approval from the SBA

Of the total $552,400 loan amount, the SBA guaranteed $414,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 70 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 72 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in San Diego CA, you ought to talk with a local San Diego SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Diego businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $552,400 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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