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March 29, 2024  
 
 
  Business Loan Information  
 

Getting an SBA 7A Loan in Huntington Beach, California

 

 
Loan Census SBA Loan Info

California Business Loan Issued to Industrial And Commercial Machinery And Equipment Company

CaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan.

You can learn something about getting a small business loan in Huntington Beach, California by studying this loan to a local company, made back in 2002. Banks like Pacific Western Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT
HUNTINGTON BEACH, CA 92649

SBA Loan Lender

PACIFIC WESTERN BANK
19950 BEACH BLVD
HUNTINGTON BEACH, CA 92648

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

333319 - Commercial and Service Industry Machinery Manufacturing

Loan Approval Date

6/6/2002

Loan Approval Gross Amount

$1,850,688

Loan Approval from the SBA

Of the total $1,850,688 loan amount, the SBA guaranteed $999,982.

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 11 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Family and Friend Investors - Your First Financiers

SBA Participating Banks in Huntington Beach, California

California SBA 7A Lenders