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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Cruz, Business Loans > Coast Comm. Bank A Division - Santa Cruz Business Loans > Snack Food Manufacturing Loan | ||||
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Coast Comm. Bank A Division -
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Coast Comm. Bank A Division - SBA Loan to Snack Food Manufacturing CompanyCoast Comm. Bank A Division - 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 Jose, California was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Coast Comm. Bank A Division -, operating out of Santa Cruz, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: SNACK FOOD MANUFACTURING SBA Loan Lender COAST COMM. BANK A DIVISION - This lender provides SBA 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 311919 - Snack Food Manufacturing Loan Approval Date 4/29/2003 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 50 employees. The SBA loan application for the borrower indicated that the loan would help retain 50 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $550,000 loan. Remember, anyone can do it... so why not you? 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: Good Banks for Small Business in Santa Cruz, California
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