Business Loan from Pacific Cap. Bank Given to Private Mail Centers Company
An SBA loan from Pacific Cap. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a South San Francisco, California business owner got a $613,000 loan.
This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Pacific Cap. Bank, out of Santa Barbara, California. The loan was granted and they received $613,000 to help grow their South San Francisco, California business.
SBA Loan Borrower
COMPANY TYPE: PRIVATE MAIL CENTERS
SOUTH SAN FRANCISCO, CA 94080
SBA Loan Lender
PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
9/18/2002
Loan Approval Gross Amount
$613,000
Loan Approval from the SBA
Of the total $613,000 loan amount, the SBA guaranteed $459,750.
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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
The Art of Bootstrapping
Where to Get an SBA Loan in Santa Barbara, California
California SBA 7A Lenders