Where to Get Capital for Wood Kitchen Cabinet and Countertop Manufacturing
With these small business loans for wood kitchen cabinet and countertop manufacturing, the SBA guarantees the lender that the loan will be repaid. This wood kitchen cabinet and countertop manufacturing loan for $171,500 was given to a California entrepreneur in 2002.
This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Heritage Bank Of Commerce, out of San Jose, California. The loan was granted and they received $171,500 to help grow their Benicia, California business.
SBA Loan Borrower
COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
BENICIA, CA 94510
SBA Loan Lender
HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
337110 - Wood Kitchen Cabinet and Countertop Manufacturing
Loan Approval Date
10/11/2002
Loan Approval Gross Amount
$171,500
Loan Approval from the SBA
Of the total $171,500 loan amount, the SBA guaranteed $128,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 7 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Heritage Bank Of Commerce and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
The Friends and Family Network
Best Banks in San Jose, California
Getting an SBA Loan in California