SBA Loan from Coast Comm. Bank A Division - Helps Motor Vehicles And Passenger Car Bodies Company

An SBA loan from Coast Comm. Bank A Division - typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Santa Cruz, California business owner got a $409,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santa Cruz, California was able to borrow $409,500 from Coast Comm. Bank A Division -. The SBA made the loan possible by guaranteeing $307,125 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLES AND PASSENGER CAR BODIES
SANTA CRUZ, CA 95062

SBA Loan Lender

COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060

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.

SIC Code

3711 - Motor Vehicles and Passenger Car Bodies

Loan Approval Date

9/12/2000

Loan Approval Gross Amount

$409,500

Loan Approval from the SBA

Of the total $409,500 loan amount, the SBA guaranteed $307,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Credit Evaluation

Banks in Santa Cruz, California

Getting a Business Loan in California