Monday, June 7, 2010

The SBA and ending the recession ONE LOAN AT A TIME

We have funded another loan.

This time it was a $1,697,200 SBA 7(a) loan for the ground up construction of a new Kentucky Fried Chicken in Wildomar. This will be the second location for the borrower.

In the last ten years, we have closed $753,088,499 in SBA 7(a) loans and 504 1st trust deeds. That is over ONE BILLION dollars in total project costs.

As Coach John Wooden once said, "Don't mistake activity for achievement."