Palm Desert, California Bank Gives SBA Loan to General Automotive Repair Company

Want to talk with a Palm Desert, California bank about an SBA loan? Here's one California business loan, issued by a Palm Desert bank, that was approved by the SBA.

Applying for an SBA loan with Palm Desert National Bank worked out well for our friends at one local company in Thousand Palms, California. The business was able to get an SBA loan for $541,070. Great job!

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
THOUSAND PALMS, CA 92276

SBA Loan Lender

PALM DESERT NATIONAL BANK
73-745 EL PASEO
PALM DESERT, CA 92260

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

3/8/2004

Loan Approval Gross Amount

$541,070

Loan Approval from the SBA

Of the total $541,070 loan amount, the SBA guaranteed $405,803.

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 only one employee. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Thousand Palms CA, you ought to talk with a local Thousand Palms SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Thousand Palms businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $541,070 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Small Business Loan

SBA 7A Banks for Palm Desert, California Loans

Getting a Business Loan in California