Get an SBA Loan for Fiber Can, Tube, Drum, and Similar Products Manufacturing

With these small business loans for fiber can, tube, drum, and similar products manufacturing, the SBA guarantees the lender that the loan will be repaid. This fiber can, tube, drum, and similar products manufacturing loan for $711,000 was given to a California entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Compton, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Gateway Business Bank, based in Cerritos, California.

SBA Loan Borrower

COMPANY TYPE: FIBER CAN, TUBE, DRUM, AND SIMILAR PRODUCTS MANUFACTURING
COMPTON, CA 90221

SBA Loan Lender

GATEWAY BUSINESS BANK
18000 STUDEBAKER RD, STE 550
CERRITOS, CA 90703

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322214 - Fiber Can, Tube, Drum, and Similar Products Manufacturing

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$711,000

Loan Approval from the SBA

Of the total $711,000 loan amount, the SBA guaranteed $533,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Gateway Business Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

How to Raise Money

Banks in Cerritos, California

California SBA 7A Banks