SBA Loan from Pacific Coast National Bank Helps Used Car Dealers Company
Pacific Coast National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.
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 Pacific Coast National Bank, operating out of San Clemente, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: USED CAR DEALERS
SAN DIEGO, CA 92115
SBA Loan Lender
PACIFIC COAST NATIONAL BANK
905 CALLE AMANECER
SAN CLEMENTE, CA 92673
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
441120 - Used Car Dealers
Loan Approval Date
2/28/2007
Loan Approval Gross Amount
$495,000
Loan Approval from the SBA
Of the total $495,000 loan amount, the SBA guaranteed $371,250.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in San Diego or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Investor Turnoffs
SBA Participating Banks in San Clemente, California
California SBA Bank Lenders