First National Bank - Southern Calif Gives Small Business Loan to Gasoline Stations With Convenience Stores Company

Small business loans in California are tough to come by these days. We take a look at one California small business loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Santee, California was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Southern Calif. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
SANTEE, CA 92071

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
1145 SAN MARINO DR
SAN MARCOS, CA 92078

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/1/2004

Loan Approval Gross Amount

$933,200

Loan Approval from the SBA

Of the total $933,200 loan amount, the SBA guaranteed $699,900.

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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank - Southern Calif are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Investor Turnoffs

SBA Participating Banks in San Marcos, California

Where to Get an SBA Loan California