1st Pacific Bank Of California SBA Loan to Professional Equipment And Supplies Merchant Wholesalers Company

1st Pacific Bank Of California and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in San Diego, California was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from 1st Pacific Bank Of California, operating out of San Diego, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS
SAN DIEGO, CA 92126

SBA Loan Lender

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

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423490 - Professional Equipment and Supplies Merchant Wholesalers

Loan Approval Date

8/17/2007

Loan Approval Gross Amount

$463,000

Loan Approval from the SBA

Of the total $463,000 loan amount, the SBA guaranteed $347,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st Pacific Bank Of California had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st Pacific Bank Of California made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How to Raise Money

Where to Get an SBA Loan in San Diego, California

SBA Lenders in California