San Diego, California Entrepreneur Gets a Business Loan
Looking to get a California small business loan? This California entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners.
By giving the right information to Wachovia Sba Lending, Inc., this San Diego, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: LIMOUSINE SERVICE
SAN DIEGO, CA 92121
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
485320 - Limousine Service
Loan Approval Date
1/10/2003
Loan Approval Gross Amount
$637,000
Loan Approval from the SBA
Of the total $637,000 loan amount, the SBA guaranteed $477,750.
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 30 employees. The SBA loan documents indicated that the loan would help retain 30 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start business 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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company.
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:
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California SBA 7A Lenders