Where to Get Capital for Motor Vehicle Transmission and Power Train Parts Manufacturing
With these small business loans for motor vehicle transmission and power train parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This motor vehicle transmission and power train parts manufacturing loan for $376,600 was given to a California entrepreneur in 2001.
This small firm knew how to go about getting a business bank loan. Based in Huntington Beach, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Temecula Valley Bank, based in Temecula, California.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE TRANSMISSION AND POWER TRAIN PARTS MANUFACTURING
HUNTINGTON BEACH, CA 92649
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
This lender provides SBA 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
336350 - Motor Vehicle Transmission and Power Train Parts Manufacturing
Loan Approval Date
2/16/2001
Loan Approval Gross Amount
$376,600
Loan Approval from the SBA
Of the total $376,600 loan amount, the SBA guaranteed $282,450.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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:
Obtaining Funding - Friends and Family
Best Banks in Temecula, California
Getting an SBA Loan in California