La Jolla Bank, Fsb SBA Loan to Telecommunications Resellers Company

An SBA loan from La Jolla Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Diego, California business owner got a $928,000 loan.

Getting a small business loan in San Diego, California was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from La Jolla Bank, Fsb, operating out of Escondido, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TELECOMMUNICATIONS RESELLERS
SAN DIEGO, CA 92122

SBA Loan Lender

LA JOLLA BANK, FSB
128 N BROADWAY
ESCONDIDO, CA 92025

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

513330 - Telecommunications Resellers

Loan Approval Date

7/10/2002

Loan Approval Gross Amount

$928,000

Loan Approval from the SBA

Of the total $928,000 loan amount, the SBA guaranteed $696,000.

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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. La Jolla Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, La Jolla Bank, Fsb 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.

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