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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > United Commercial Bank San Francisco Business Loans > Piece Goods, Notions, And Dry Goods Wholesalers Loan | ||||
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California Small Business Funding
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Commercial Loans for Piece Goods, Notions, and Dry Goods WholesalersLooking for commercial loans for piece goods, notions, and dry goods wholesalers? Try the SBA. This $472,000 piece goods, notions, and dry goods wholesalers loan was issued by a California bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with United Commercial Bank, out of San Francisco, California. The loan was granted and they received $472,000 to help grow their Los Angeles, California business. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS WHOLESALERS SBA Loan Lender UNITED COMMERCIAL BANK This lender provides SBA loan for small businesses 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 422310 - Piece Goods, Notions, and Dry Goods Wholesalers Loan Approval Date 7/19/2002 Loan Approval Gross Amount $472,000 Loan Approval from the SBA Of the total $472,000 loan amount, the SBA guaranteed $354,000. 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. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Who Lends Money to Small Businesses in San Francisco, California
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