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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Irvine, Business Loans > Metropacific Bank Irvine Business Loans > Plastics Bottle Manufacturing Loan | ||||
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Metropacific Bank SBA Loans
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Where to Get Capital for Plastics Bottle ManufacturingLooking for small business loans for plastics bottle manufacturing? Try the SBA. This $1,243,000 plastics bottle manufacturing loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Metropacific Bank, out of Irvine, California. The loan was granted and they received $1,243,000 to help grow their Escondido, California business. SBA Loan Borrower COMPANY TYPE: PLASTICS BOTTLE MANUFACTURING SBA Loan Lender METROPACIFIC BANK 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 326160 - Plastics Bottle Manufacturing Loan Approval Date 10/29/2007 Loan Approval Gross Amount $1,243,000 Loan Approval from the SBA Of the total $1,243,000 loan amount, the SBA guaranteed $932,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $1,243,000. How would you spend $1,243,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Best Banks in Irvine, California
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