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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Conveyors And Conveying Equipment Loan | ||||
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Banks in California
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Where to Get Capital for Conveyor and Conveying Equipment ManufacturingLooking for small business loans for conveyor and conveying equipment manufacturing? An SBA loan may be just what you've been looking for. This $509,800 conveyor and conveying equipment manufacturing loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of The West, out of Truckee, California. The loan was granted and they received $509,800 to help grow their Anaheim, California business. SBA Loan Borrower COMPANY TYPE: CONVEYORS AND CONVEYING EQUIPMENT SBA Loan Lender BANK OF THE WEST 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. SIC Code 3535 - Conveyors and Conveying Equipment NAICS Code 333922 - Conveyor and Conveying Equipment Manufacturing Loan Approval Date 2/15/2000 Loan Approval Gross Amount $509,800 Loan Approval from the SBA Of the total $509,800 loan amount, the SBA guaranteed $382,350. More Information on This SBA Loan The borrower 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 7 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $509,800 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Participating Banks in Truckee, California Getting an SBA Loan in California
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