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March 28, 2024  
 
 
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SBA 7A Banks for Torrance Small Businesses

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Industrial Design Services

Looking for commercial loans for industrial design services? Try the SBA. This $70,000 industrial design services loan was issued by a California bank.

This business knew how to go about getting a business bank loan. Based in Torrance, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Sce Fcu, based in Irwindale, California.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL DESIGN SERVICES
TORRANCE, CA 90501

SBA Loan Lender

SCE FCU
3810 DURBIN ST
IRWINDALE, CA 91706

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541420 - Industrial Design Services

Loan Approval Date

6/21/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $70,000. How would you spend $70,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Investor Turnoffs

Find an SBA Lender in Irwindale, California

California SBA Banks