Loans for Kaolin and Ball Clay Mining

Looking for loans for kaolin and ball clay mining? Try the SBA. This $165,000 kaolin and ball clay mining loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Community Bank, out of Pasadena, California. The loan was granted and they received $165,000 to help grow their Covina, California business.

SBA Loan Borrower

COMPANY TYPE: KAOLIN AND BALL CLAY
COVINA, CA 91723

SBA Loan Lender

COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101

This small business loan 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

1455 - Kaolin and Ball Clay

NAICS Code

212324 - Kaolin and Ball Clay Mining

Loan Approval Date

3/14/2000

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Covina CA, you ought to talk with a local Covina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Covina businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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