Loan Census Banking News and Information
July 20, 2024  
 
 
  Business Loan Information  
 

California Bank SBA Loans

 

 
Loan Census SBA Loan Info

City Of Industry, California Business Gets SBA-Guaranteed Funding from Promerica Bank

An SBA loan from Promerica Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a City Of Industry, California business owner got a $1,200,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in City Of Industry, California was able to borrow $1,200,000 from Promerica Bank. The SBA made the loan possible by guaranteeing $900,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY CANNING
CITY OF INDUSTRY, CA 91745

SBA Loan Lender

PROMERICA BANK
888 S FIGUEROA ST, STE 100
LOS ANGELES, CA 90017

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311422 - Specialty Canning

Loan Approval Date

8/21/2007

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

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 23 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 21 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in City Of Industry or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Cash Advances

SBA 7A Lenders in Los Angeles, California

SBA California Lenders