Financing for Photofinishing Laboratories

Looking for loans for photofinishing laboratories? An SBA loan may be just what you've been looking for. This $559,000 photofinishing laboratories loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in San Diego, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was San Diego National Bank, based in San Diego, California.

SBA Loan Borrower

COMPANY TYPE: PHOTOFINISHING LABORATORIES
SAN DIEGO, CA 92126

SBA Loan Lender

SAN DIEGO NATIONAL BANK
1420 KETTNER BLVD
SAN DIEGO, CA 92101

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.

SIC Code

7384 - Photofinishing Laboratories

NAICS Code

812921 - Photofinishing Laboratories

Loan Approval Date

2/4/2000

Loan Approval Gross Amount

$559,000

Loan Approval from the SBA

Of the total $559,000 loan amount, the SBA guaranteed $419,250.

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 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs.

Getting an SBA Loan For Your Business

If you are raising 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in San Diego, California

Getting an SBA Loan in California