
TRADE SERVICES / FINANCE - November 15 to November 30, 2003
SBA APPROVES FIRST CALIFORNIA FOR LENDER PROGRAM
CAMARILLO - The US Small Business Administration (SBA) has approved First California Bank under its Preferred Lender Program (PLP).
Preferred lenders are chosen from among the SBA's best lenders and enjoy full delegation of lending authority. The PLP status will allow the Bank to offer a streamlined lending program to help qualified businesses obtain financing when they might not be eligible for business loans through normal lending channels.
Preferred loans account for more than 10% of SBA loans. First California Bank is the largest independent bank headquartered in Ventura County. The Bank has full service offices in Camarillo, Oxnard, Thousand Oaks, Ventura and Westlake Village. The U.S. Small Business Administration provides financial, technical, and management assistance to help entrepreneurs start, run, and grow their businesses. The federal agency is the nation's largest single financial backer of small businesses with a loan portfolio valued at more than $4 billion.
BRIDGE BANK EXPANDS INTO SOUTHERN CALIFORNIA
SANTA CLARA - Bridge Bank has opened a new office in San Diego that will offer a complete list of SBA-related lending products in the Southern California region. The expansion office will be responsible for all of the Bank's US Small Business Administration loans generated in the Southern California region, which includes Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties.
Bridge Bank is ranked among the top 10% of most active SBA lenders in the San Francisco and Sacramento SBA districts as well as the entire State of California. In addition to the new office in San Diego, Bridge Bank's SBA Loan Group operates a loan production office in Sacramento, which serves the Central and San Joaquin Valley regions.
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