Business Loan from Coast National Bank Given to Used Household And Office Goods Moving Company

Coast National Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in San Luis Obispo, California, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Coast National Bank, based in San Luis Obispo, California.

SBA Loan Borrower

COMPANY TYPE: USED HOUSEHOLD AND OFFICE GOODS MOVING
San Luis Obispo, CA 93401

SBA Loan Lender

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

This SBA small business 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

484210 - Used Household and Office Goods Moving

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$4,000

Loan Approval from the SBA

Of the total $4,000 loan amount, the SBA guaranteed $2,000.

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 82 employees. The SBA loan documents indicated that the borrowed money would help create 82 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $4,000 loan. Remember, feel the fear, and do it anyway.

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:

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Good Banks for Small Business in San Luis Obispo, California

California SBA 7A Lenders