Entrepreneur Works With Atascadero, California Bank to Get an SBA Loan

Get to know Atascadero, California banks that specialize in business loans and know how to work with entrepreneurs. Heritage Oaks Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Santa Maria, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Heritage Oaks Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
SANTA MARIA, CA 93454

SBA Loan Lender

HERITAGE OAKS BANK
9900 EL CAMINO REAL
ATASCADERO, CA 93422

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/10/2002

Loan Approval Gross Amount

$235,750

Loan Approval from the SBA

Of the total $235,750 loan amount, the SBA guaranteed $176,813.

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 35 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Heritage Oaks Bank and they will explain how you can get an SBA loan for your company.

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:

Family and Friend Investors - Your First Financiers

Best Banks in Atascadero, California

Where to Get an SBA Loan California