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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Apparel Accessories And Other Apparel Manufacturing Loan | ||||
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Requirements for Entrepreneurs On Getting a Loan
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Borrowing Money for Apparel Accessories and Other Apparel ManufacturingLooking for loans for apparel accessories and other apparel manufacturing? The SBA may be the answer. This $1,390,000 apparel accessories and other apparel manufacturing loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in Vernon, California, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Heritage Bank Of Commerce, based in San Jose, California. SBA Loan Borrower COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING SBA Loan Lender HERITAGE BANK OF COMMERCE Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315999 - Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 12/15/2003 Loan Approval Gross Amount $1,390,000 Loan Approval from the SBA Of the total $1,390,000 loan amount, the SBA guaranteed $999,993. 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 80 employees. The SBA loan documents indicated that the loan would help generate 40 new jobs and retain 80 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $1,390,000. How would you spend $1,390,000 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: Advice on Getting a Small Business Loan SBA 7A Banks for San Jose, California Loans
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