Oakland, California Lender Lends Money to Pc Essentials, Inc.

Get business loans from an Oakland, California bank that knows how to treat small business owners right! If Pc Essentials, Inc. can get a loan, there's no reason you can't do it too.

Innovative Bank is a Oakland, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Pc Essentials, Inc. a Florida company.

SBA Loan Borrower

Pc Essentials, Inc.
10404 West Flagler St #4
MIAMI, FL 33174

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541519 - Other Computer Related Services

Loan Approval Date

12/5/2007

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $8,500.

More Information on This SBA Loan

The borrower, Pc Essentials, Inc., 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 indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Pc Essentials, Inc. needed a loan. Innovative Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Innovative Bank made the loan. The end result was that Pc Essentials, Inc. was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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Where to Get an SBA Loan in Oakland, California

Getting an SBA Loan in California

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