Getting an SBA Loan for Medicinal and Botanical Manufacturing

Looking for commercial loans for medicinal and botanical manufacturing? An SBA loan may be just what you've been looking for. This $50,000 medicinal and botanical manufacturing loan was issued by a California bank.

This business knew how to go about getting a business bank loan. Based in Irvine, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Los Angeles National Bank, based in Buena Park, California.

SBA Loan Borrower

COMPANY TYPE: MEDICINAL CHEMICALS AND BOTANICAL PRODUCTS
IRVINE, CA 92620

SBA Loan Lender

LOS ANGELES NATIONAL BANK
7025 ORANGETHORPE AVE
BUENA PARK, CA 90621

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2833 - Medicinal Chemicals and Botanical Products

NAICS Code

325411 - Medicinal and Botanical Manufacturing

Loan Approval Date

6/2/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 5 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Los Angeles National Bank and they will explain how you can get an SBA loan for your company.

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:

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SBA Participating Banks in Buena Park, California

Getting a Business Loan in California