Simi Valley (simi), California Business Gets SBA-Guaranteed Funding from Montecito Bank & Trust
Montecito Bank & Trust has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in Simi Valley (simi), California was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Montecito Bank & Trust, operating out of Santa Barbara, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
SIMI VALLEY (SIMI), CA 93063
SBA Loan Lender
MONTECITO BANK & TRUST
1106 COAST VILLAGE RD
SANTA BARBARA, CA 93108
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
453998 - Store Retailers
Loan Approval Date
4/2/2004
Loan Approval Gross Amount
$67,000
Loan Approval from the SBA
Of the total $67,000 loan amount, the SBA guaranteed $56,950.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
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 Montecito Bank & Trust 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:
Realistic Debt Financing Options
Small Business Banks in Santa Barbara, California
Getting an SBA Loan in California