San Diego, California Bank Gives SBA Loan to Magnetic And Optical Recording Media Manufacturing Company
Thinking about meeting with a San Diego, California bank about a small business loan? Here's one California business loan, issued by a San Diego bank, that was approved by the SBA.
Applying for an SBA loan with Neighborhood National Bank worked out well for our friends at one local firm in National City, California. The business was able to get an SBA loan for $130,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: MAGNETIC AND OPTICAL RECORDING MEDIA MANUFACTURING
NATIONAL CITY, CA 91950
SBA Loan Lender
NEIGHBORHOOD NATIONAL BANK
3511 NATIONAL AVE
SAN DIEGO, CA 92113
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
334613 - Magnetic and Optical Recording Media Manufacturing
Loan Approval Date
11/28/2000
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $97,500.
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 17 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.
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.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Neighborhood National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Advice on Getting a Small Business Loan
SBA Participating Banks in San Diego, California
SBA Lenders in California