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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Cupertino National Bank A Division San Jose Business Loans > Glass Product Manufacturing Made Of Purchased Glass Loan | ||||
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Raising Money in Chico, California With SBA Loans
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Cupertino National Bank A Division Gives Business Loan to Glass Product Manufacturing Made Of Purchased Glass CompanyBank loans in California are tough to come by these days. We take a look at one California bank loan, provided by a California bank, that was approved by the SBA. This company, based in Chico, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cupertino National Bank A Division. We've got the inside scoop on this California small business loan. SBA Loan Borrower COMPANY TYPE: GLASS PRODUCT MANUFACTURING MADE OF PURCHASED GLASS SBA Loan Lender CUPERTINO NATIONAL BANK A DIVISION This SBA business loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327215 - Glass Product Manufacturing Made of Purchased Glass Loan Approval Date 5/14/2002 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cupertino National Bank A Division and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in San Jose, California
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