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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > First Bank Huntington Beach Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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California Small Business SBA Loans
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Growing Company Gets a California SBA LoanCaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan. Getting a small business loan in Commerce, California was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender FIRST 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. SIC Code 3599 - Industrial and Commercial Machinery and Equipment NAICS Code 332710 - Machine Shops Loan Approval Date 11/17/2000 Loan Approval Gross Amount $400,500 Loan Approval from the SBA Of the total $400,500 loan amount, the SBA guaranteed $300,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $400,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing SBA 7A Lenders in Huntington Beach, California
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