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May 6, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Dry, Condensed, And Evaporated Dairy Product Manufacturing Loan | ||||
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What Does It Take to Get a Business Loan in Berkeley, California?
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Loans for Dry, Condensed, and Evaporated Dairy Product ManufacturingWith these loans for dry, condensed, and evaporated dairy product manufacturing, the SBA guarantees the lender that the loan will be repaid. This dry, condensed, and evaporated dairy product manufacturing loan for $483,000 was given to a California entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Berkeley, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Comerica Bank, based in Dallas, Texas. SBA Loan Borrower COMPANY TYPE: DRY, CONDENSED, AND EVAPORATED DAIRY PRODUCT MANUFACTURING SBA Loan Lender COMERICA BANK 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 311514 - Dry, Condensed, and Evaporated Dairy Product Manufacturing Loan Approval Date 6/28/2001 Loan Approval Gross Amount $483,000 Loan Approval from the SBA Of the total $483,000 loan amount, the SBA guaranteed $362,250. 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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Realistic Debt Financing Options Small Bank Loans in Dallas, Texas
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