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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Fullerton, Business Loans > Fullerton Community Bank, Fsb Fullerton Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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SBA Lender Huntington Beach, California
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Huntington Beach, California Business Gets SBA-Guaranteed Funding from Fullerton Community Bank, FsbFullerton Community Bank, Fsb and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Huntington Beach, California was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Fullerton Community Bank, Fsb, operating out of Fullerton, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender FULLERTON COMMUNITY BANK, FSB Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3599 - Industrial and Commercial Machinery and Equipment Loan Approval Date 9/27/2000 Loan Approval Gross Amount $979,500 Loan Approval from the SBA Of the total $979,500 loan amount, the SBA guaranteed $734,625. 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 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Where to Get an SBA Loan in Fullerton, California
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