Santa Maria, California Business Gets SBA-Guaranteed Funding from Coast National Bank

An SBA loan from Coast National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Santa Maria, California business owner got a $5,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santa Maria, California was able to borrow $5,000 from Coast National Bank. The SBA made the loan possible by guaranteeing $2,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
SANTA MARIA, CA 93455

SBA Loan Lender

COAST NATIONAL BANK
500 MARSH ST
SAN LUIS OBISPO, CA 93401

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Santa Maria or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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