Small Business Loans for Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

With these small business loans for medical, dental, and hospital equipment and supplies merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This medical, dental, and hospital equipment and supplies merchant wholesalers loan for $1,162,500 was given to a California entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in City Of Industry, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Inland Commun Bank, based in Duarte, California.

SBA Loan Borrower

COMPANY TYPE: MEDICAL, DENTAL, AND HOSPITAL EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS
CITY OF INDUSTRY, CA 91748

SBA Loan Lender

INLAND COMMUN BANK
1801 HUNTINGTON DR
DUARTE, CA 91010

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423450 - Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

Loan Approval Date

5/27/2004

Loan Approval Gross Amount

$1,162,500

Loan Approval from the SBA

Of the total $1,162,500 loan amount, the SBA guaranteed $871,875.

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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in City Of Industry CA, you ought to talk with a local City Of Industry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to City Of Industry businesses.

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 $1,162,500 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:

Direct Public Offerings

SBA 7A Lenders in Duarte, California

SBA California Lenders