Temecula Valley Bank SBA Loan to Personal Services Company

Want a California small business loan? Here's one California business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Thousand Palms, California was able to borrow $531,000 from Temecula Valley Bank. The SBA made the loan possible by guaranteeing $398,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
THOUSAND PALMS, CA 92276

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

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.

SIC Code

7299 - Personal Services

Loan Approval Date

6/9/2000

Loan Approval Gross Amount

$531,000

Loan Approval from the SBA

Of the total $531,000 loan amount, the SBA guaranteed $398,250.

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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Incubators

Small Business Banks in Temecula, California

California SBA Banks