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July 22, 2024  
 
 
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Banks for La Puente, California Businesses

 

 
Loan Census SBA Loan Info

Wood Container and Pallet Manufacturing Business Loans

Looking for business loans for wood container and pallet manufacturing? Talk to a banker who works with the SBA. This $349,600 wood container and pallet manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in La Puente, California was able to borrow $349,600 from Saehan Bank. The SBA made the loan possible by guaranteeing $262,200 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
LA PUENTE, CA 91746

SBA Loan Lender

SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

6/22/2001

Loan Approval Gross Amount

$349,600

Loan Approval from the SBA

Of the total $349,600 loan amount, the SBA guaranteed $262,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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 Saehan 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.

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