Solana Beach, California Lender Lends Money to Men's And Boys' Clothing And Furnishings Merchant Wholesalers Company

Thinking about meeting with a Solana Beach, California bank about an SBA loan? Here's one California business loan, issued by a Solana Beach bank, that was approved by the SBA.

Applying for an SBA loan with 1st Pacific Bank Of California worked out well for our friends at one local business in San Diego, California. They got an SBA loan for $970,000. Great job!

SBA Loan Borrower

COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND FURNISHINGS MERCHANT WHOLESALERS
SAN DIEGO, CA 92122

SBA Loan Lender

1ST PACIFIC BANK OF CALIFORNIA
937 LOMAS SANTA FE DR
SOLANA BEACH, CA 92075

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424320 - Men's and Boys' Clothing and Furnishings Merchant Wholesalers

Loan Approval Date

12/22/2005

Loan Approval Gross Amount

$970,000

Loan Approval from the SBA

Of the total $970,000 loan amount, the SBA guaranteed $873,000.

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 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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