Ocean Pacific Capital is your best source for all your SBA Loan needs
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5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
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Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Energy
Ethanol plants
Factories
Factory outlets
Franchises
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Golf courses
Grocery stores
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Independent living facilities
Industrial parks
Land acquisitions
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Medical facilities
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Mini storage
Mixed use
Mobile home parks
Movie theaters
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Parking garages
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Private schools
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Regional malls
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Restaurants
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RV parks
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Shopping centers
Ski resorts
Special use buildings
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Tract development
Warehouse distribution centers
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Wineries

 
 
 

SBA Loans

SBA Loans, also known as Small Business Administration Loans, assist business owners obtain small business loans and small business financing with perfect or less than perfect credit. Since 1977, we have assisted in processing almost every kind of loan request and we are proud to continually have one of the most competitive rates and a high approval rate across the nation. Whether it's time to buy real estate, acquire a new business or franchise, increase business working capital, or to purchase new business equipment, Ocean Pacific Capital can help you find the best small business administration loan to meet your needs for your business. We offer from $500,000 to $5 million dollars on most SBA loans; however, we tailor loans to meet your needs and these limits can be altered. Our loans have multiple interest rate options, such adjustable, fixed, and floating rates, no balloon payments, shorter and longer terms, as well as up to 90% loan to value. Whatever it is that you need, Ocean Pacific Capital can help you.

Most business owners that have been previously turned down for a conventional loan by a commercial lender, apply for a SBA Loan. When applying for a SBA Loan, the following documents are usually necessary:
1. A business plan, which is a written document describing the type of business and legal form, including relevant information such as annual sales/revenue, the number of employee, ownership structure, and length of time in business.
2. Complete Business Financial Statements from the past three years and current or interim financial statements.
3. Complete Personal Financial Statements from each owner, officer, partner, and stockholder that owns 20% or more of the business
4. A description of the loan request, such as how the purpose of the loan request, the amount and type of loan request, as well as how the loan proceeds will be used is required.
5. A description of the collateral that will be used to secure the loan, as well as a description of the equity in the business, availability of cash, and the potential to borrow funds.
6. Resumes of those who are and will be involved in the daily operations of the business, such as management.

Our experience with assisting thousands of individuals with the best SBA loan financing nationwide for over the past 31 years allows us to not only acquire the best rates and loan programs for your needs with our access to over 130 different lenders, but also in an efficient, timely manner. Call us today and see what we can do for you!


Whatever your financing needs,
we will tailor a loan that's right for you.

 


Daily Oil & Gas and Wall Street Journal News
7/10/20

ReconAfrica subsurface evaluation to aid Kavango basin exploration
Posted on Thursday July 09, 2020

Reconnaissance Energy Africa Ltd. (ReconAfrica) completed a subsurface evaluation delineating large prospective conventional hydrocarbon bearing structures throughout the entire Kavango basin.

Equinor awards portfolio agreement for Oseberg upgrade project
Posted on Wednesday July 08, 2020

Equinor has awarded Aibel a portfolio agreement for modification tasks at Oseberg fields in the Norwegian North Sea.

Sound Energy renegotiates contract for eastern Morocco exploration
Posted on Tuesday July 07, 2020

Sound Energy has renegotiated its Anoual exploration permit terms with Morocco's National Office of Hydrocarbons and Mines.

Petrobras awards subsea contract for BĂșzios presalt project
Posted on Monday July 06, 2020

Petrobras has contracted Saipem for installation of a rigid riser-based subsea system for the BĂșzios presalt project. The field lies in Santos basin, offshore Rio de Janeiro, in 1,537-2,190 m of water.

Equinor lets Statfjord platforms contract to Apply
Posted on Monday July 06, 2020

Equinor Energy AS has awarded a framework agreement for engineering and installation services on the North Sea Statfjord field to Norwegian engineering company Apply.

Wall Street Journal
Commercial News

7/10/20

WSJ.com: US Business

Covid Test Results Take Longer as Infections Surge
The surge in U.S. coronavirus cases and growing demand for Covid-19 tests are straining the ability of pharmacies and labs to deliver timely results to consumers, causing delays that hamper efforts to contain the virus.

Starbucks to Require Customers to Wear Masks
Starbucks will require customers in the U.S. to wear masks at company-operated stores starting next week, a decision that comes as new coronavirus cases rise sharply in parts of the country.

Walgreens to Cut 4,000 Jobs in U.K. Boots Stores, Suspend Buybacks
The pharmacy chain said the coronavirus pandemic sliced out around $700 million to $750 million in sales for its latest quarter, with most of the impact tied to its retail-pharmacy business overseas.

Harley-Davidson to Cut 13% of Global Workforce
The motorcycle maker?s restructuring plan, including about 700 job cuts, will result in costs of about $42 million in the second quarter.

Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks
The pandemic is speeding meatpackers? shift from human meat cutters to automated ones, but machines can?t yet match people?s ability. While meat processing overall has grown safer in recent years, it remains one of the more hazardous jobs in the U.S. economy.

WSJ Survey: Strong U.S. Recovery Depends on Effective Virus Response
A strong economic recovery depends on effective and sustained containment of Covid-19, economists said in the latest monthly survey by The Wall Street Journal, with 91% of business and academic economists agreeing ?somewhat? or ?strongly? that economic recovery depends on containing the pandemic.

Mnuchin Sees Stimulus Deal by End of July
Treasury Secretary Steven Mnuchin said the Trump administration is working with the Senate to pass a new bill for coronavirus-related economic aid by the end of July, as enhanced unemployment benefits near expiration.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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