Getting an SBA Loan for Recyclable Material Wholesalers
With these commercial loans for recyclable material wholesalers, the SBA guarantees the lender that the loan will be repaid. This recyclable material wholesalers loan for $210,500 was given to a California entrepreneur in 2001.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Delhi, California was able to borrow $210,500 from Comerica Bank. The SBA made the loan possible by guaranteeing $157,875 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: RECYCLABLE MATERIAL WHOLESALERS
DELHI, CA 95315
SBA Loan Lender
DALLAS, TX 75201
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
421930 - Recyclable Material Wholesalers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $210,500 loan amount, the SBA guaranteed $157,875.
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 10 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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