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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > City Of Industry, Business Loans > United Pacific Bank City Of Industry Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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Good Banks for Downey Small Businesses
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Get an SBA Loan for Commercial and Industrial Machinery and EquipmentLooking for loans for commercial and industrial machinery and equipment? An SBA loan may be just what you've been looking for. This $705,252 commercial and industrial machinery and equipment loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Downey, California was able to borrow $705,252 from United Pacific Bank. The SBA made the loan possible by guaranteeing $528,939 of this California small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender UNITED PACIFIC BANK This bank 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 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 8/8/2005 Loan Approval Gross Amount $705,252 Loan Approval from the SBA Of the total $705,252 loan amount, the SBA guaranteed $528,939. 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 8 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Role of Business Plan When Raising Money SBA Banks in City Of Industry, California
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