Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

We Needed a Commercial Loan in San Francisco, California and We Got One!

 

 
Loan Census SBA Loan Info

Commercial Loans for Semiconductor and Related Device Manufacturing

Looking for commercial loans for semiconductor and related device manufacturing? Try the SBA. This $1,100,000 semiconductor and related device manufacturing loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Trans-Pacific National Bank, out of San Francisco, California. The loan was granted and they received $1,100,000 to help grow their San Francisco, California business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
SAN FRANCISCO, CA 94104

SBA Loan Lender

TRANS-PACIFIC NATIONAL BANK
55 2ND ST, STE 100
SAN FRANCISCO, CA 94105

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3559 - Special Industry Machinery

NAICS Code

334413 - Semiconductor and Related Device Manufacturing

Loan Approval Date

8/23/2001

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $990,000.

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 application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Trans-Pacific National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Bank Credit Lines

Small Bank Loans in San Francisco, California

California SBA 7A Banks