 |
 |
April 29, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Neighborhood National Bank San Diego Business Loans > Magnetic And Optical Recording Media Manufacturing Loan | ||||
 |
||||
Banks in San Diego, California That Make SBA Loans
|
||||
 |
San Diego, California Bank Gives SBA Loan to Magnetic And Optical Recording Media Manufacturing CompanyThinking about meeting with a San Diego, California bank about a small business loan? Here's one California business loan, issued by a San Diego bank, that was approved by the SBA. Applying for an SBA loan with Neighborhood National Bank worked out well for our friends at one local firm in National City, California. The business was able to get an SBA loan for $130,000. Way to go! SBA Loan Borrower COMPANY TYPE: MAGNETIC AND OPTICAL RECORDING MEDIA MANUFACTURING SBA Loan Lender NEIGHBORHOOD NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334613 - Magnetic and Optical Recording Media Manufacturing Loan Approval Date 11/28/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. 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 17 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Neighborhood National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Advice on Getting a Small Business Loan SBA Participating Banks in San Diego, California
|
|
||
|
||||
|
|
||||