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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Coast National Bank San Luis Obispo Business Loans > New Single-Family Housing Construction Loan | ||||
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Banks Doing SBA Loans in California
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San Luis Obispo, California Bank Lends Money to New Single-Family Housing Construction Company in San Luis Obispo, CaliforniaGet business loans from a San Luis Obispo, California bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Coast National Bank is a San Luis Obispo, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company. SBA Loan Borrower COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender COAST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236115 - New Single-Family Housing Construction Loan Approval Date 4/26/2005 Loan Approval Gross Amount $419,600 Loan Approval from the SBA Of the total $419,600 loan amount, the SBA guaranteed $314,700. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in San Luis Obispo CA, you ought to talk with a local San Luis Obispo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Luis Obispo businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Coast National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Coast National Bank 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: SBA Banks in San Luis Obispo, California
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