Temecula, California Business Gets SBA-Guaranteed Funding from Mission Oaks National Bank
An SBA loan from Mission Oaks National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Temecula, California business owner got a $400,000 loan.
This business knew how to go about getting a business bank loan. Based in Temecula, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Mission Oaks National Bank, based in Temecula, California.
SBA Loan Borrower
COMPANY TYPE: TOYS AND HOBBY GOODS AND SUPPLIES
TEMECULA, CA 92592
SBA Loan Lender
MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5092 - Toys and Hobby Goods and Supplies
NAICS Code
421920 - Toy and Hobby Goods and Supplies Wholesalers
Loan Approval Date
4/8/2002
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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