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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Service Establishment Equipment And Supplies Merchant Wholesalers Loan | ||||
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I Need a Business Loan in Santa Fe Springs, California
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Bank Loans for Service Establishment Equipment and Supplies Merchant WholesalersLooking for bank loans for service establishment equipment and supplies merchant wholesalers? The SBA may be the answer. This $1,425,000 service establishment equipment and supplies merchant wholesalers loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Santa Fe Springs, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Union Bank Of California, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender UNION BANK OF CALIFORNIA 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 423850 - Service Establishment Equipment and Supplies Merchant Wholesalers Loan Approval Date 7/27/2007 Loan Approval Gross Amount $1,425,000 Loan Approval from the SBA Of the total $1,425,000 loan amount, the SBA guaranteed $1,068,750. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Santa Fe Springs CA, you ought to talk with a local Santa Fe Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Fe Springs businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Banks in San Francisco, California
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