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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > City Of Industry, Business Loans > Tomatobank City Of Industry Business Loans > Fresh Fruit And Vegetable Merchant Wholesalers Loan | ||||
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Banks in City Of Industry, California That Make SBA Loans
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City Of Industry, California Bank Lends Money to Fresh Fruit And Vegetable Merchant Wholesalers Company in Los Angeles, CaliforniaWant to talk with a City Of Industry, California bank about a small business loan? Here's one California business loan, issued by a City Of Industry bank, that was approved by the SBA. Applying for an SBA loan with Tomatobank worked out well for our friends at one local firm in Los Angeles, California. They got an SBA loan for $1,710,000. Sweet! SBA Loan Borrower COMPANY TYPE: FRESH FRUIT AND VEGETABLE MERCHANT WHOLESALERS SBA Loan Lender TOMATOBANK This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424480 - Fresh Fruit and Vegetable Merchant Wholesalers Loan Approval Date 8/31/2005 Loan Approval Gross Amount $1,710,000 Loan Approval from the SBA Of the total $1,710,000 loan amount, the SBA guaranteed $1,282,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 42 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. Related Links: Role of Business Plan When Raising Money Banks in City Of Industry, California
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