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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Manhattan Beach, Business Loans > Beach Business Bank Manhattan Beach Business Loans > Manufacturing Loan | ||||
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Business Loans from Beach Business Bank
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Beach Business Bank SBA Loan to Manufacturing CompanyAn SBA loan from Beach Business Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sun Valley, California business owner got a $181,000 loan. Getting a small business loan in Sun Valley, California was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Beach Business Bank, operating out of Manhattan Beach, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender BEACH BUSINESS 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 339999 - Manufacturing Loan Approval Date 8/29/2006 Loan Approval Gross Amount $181,000 Loan Approval from the SBA Of the total $181,000 loan amount, the SBA guaranteed $135,750. 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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Beach Business Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Beach Business Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Manhattan Beach, California
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