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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Gilmore Bank Los Angeles Business Loans > Fabricated Wire Product Manufacturing Loan | ||||
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Raising Money in Corona, California With SBA Loans
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Where to Get Capital for Fabricated Wire Product ManufacturingLooking for SBA loans for fabricated wire product manufacturing? The SBA may be the answer. This $2,000,000 fabricated wire product manufacturing loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Corona, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Gilmore Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: FABRICATED WIRE PRODUCT MANUFACTURING SBA Loan Lender GILMORE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332618 - Fabricated Wire Product Manufacturing Loan Approval Date 10/15/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 55 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 50 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Gilmore Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banks in Los Angeles, California
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