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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Glendale, Business Loans > World Trade Finance, Inc. Glendale Business Loans > Machine Tool Manufacturing Loan | ||||
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Business Loans for Huntington Beach Small Business Owners
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How to Get a Loan for Machine Tool ManufacturingLooking for commercial loans for machine tool manufacturing? Try the SBA. This $300,000 machine tool manufacturing loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Huntington Beach, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was World Trade Finance, Inc., based in Glendale, California. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender WORLD TRADE FINANCE, INC. 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 333513 - Machine Tool Manufacturing Loan Approval Date 3/31/2006 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 19 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, if it to be, it is up to me! 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: SBA Approved Banks in Glendale, California Browse All Business Loan Sources for California
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