Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

How Do We Get a Business Loan in Vista, California?

 

 
Loan Census SBA Loan Info

Where to Get Capital for Motor Vehicle Dealers

Looking for SBA loans for motor vehicle dealers? The SBA may be the answer. This $300,000 motor vehicle dealers loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Vista, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was 1st Pacific Bank Of California, based in San Diego, California.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
VISTA, CA 92083

SBA Loan Lender

1ST PACIFIC BANK OF CALIFORNIA
9333 GENESEE AVE, STE 300
SAN DIEGO, CA 92121

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

441229 - Motor Vehicle Dealers

Loan Approval Date

9/8/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Determining Proper Capital Structure for a Business

Small Bank Loans in San Diego, California

California SBA Banks