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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Margarit, Business Loans > South Cnty Bank Rancho Santa Margarit Business Loans > Packaging Machinery Loan | ||||
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Raising Money in Cerritos, California With SBA Loans
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Packaging Machinery Manufacturing Small Business LoansWith these small business loans for packaging machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This packaging machinery manufacturing loan for $220,000 was given to a California entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in Cerritos, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was South Cnty Bank, based in Rancho Santa Margarit, California. SBA Loan Borrower COMPANY TYPE: PACKAGING MACHINERY SBA Loan Lender SOUTH CNTY BANK This debt financing 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. SIC Code 3565 - Packaging Machinery NAICS Code 333993 - Packaging Machinery Manufacturing Loan Approval Date 4/8/2002 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. 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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banks in Rancho Santa Margarit, California
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