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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > Community Bank Pasadena Business Loans > Plastics, Foil, And Coated Paper Bag Manufacturing Loan | ||||
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Business Loans from Community Bank
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Business Loan from Community Bank Given to Plastics, Foil, And Coated Paper Bag Manufacturing CompanyAn SBA loan from Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Irvine, California business owner got a $500,000 loan. This growing company knew how to go about getting a business bank loan. Based in Irvine, California, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Community Bank, based in Pasadena, California. SBA Loan Borrower COMPANY TYPE: PLASTICS, FOIL, AND COATED PAPER BAG MANUFACTURING SBA Loan Lender COMMUNITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 322223 - Plastics, Foil, and Coated Paper Bag Manufacturing Loan Approval Date 12/18/2007 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Find an SBA Lender in Pasadena, California
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