Montecito Bank & Trust SBA Loan to Periodical Publishers Company

An SBA loan from Montecito Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Santa Barbara, California business owner got a $164,400 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santa Barbara, California was able to borrow $164,400 from Montecito Bank & Trust. The SBA made the loan possible by guaranteeing $123,300 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PERIODICAL PUBLISHERS
SANTA BARBARA, CA 93117

SBA Loan Lender

MONTECITO BANK & TRUST
1106 COAST VILLAGE RD
SANTA BARBARA, CA 93108

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

511120 - Periodical Publishers

Loan Approval Date

7/17/2002

Loan Approval Gross Amount

$164,400

Loan Approval from the SBA

Of the total $164,400 loan amount, the SBA guaranteed $123,300.

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 10 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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