Loan Census Banking News and Information
May 5, 2024  
 
 
  Business Loan Information  
 

Wilshire State Bank Small Business Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Frozen Fruit, Juice, and Vegetable Manufacturing

Looking for small business loans for frozen fruit, juice, and vegetable manufacturing? Talk to a banker who works with the SBA. This $65,000 frozen fruit, juice, and vegetable manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yorba Linda, California was able to borrow $65,000 from Wilshire State Bank. The SBA made the loan possible by guaranteeing $32,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FROZEN FRUIT, JUICE, AND VEGETABLE MANUFACTURING
YORBA LINDA, CA 92886

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

311411 - Frozen Fruit, Juice, and Vegetable Manufacturing

Loan Approval Date

8/3/2005

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $32,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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