SBA Loan from First Commerce Bank Helps Biological Product Manufacturing Company

An SBA loan from First Commerce Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Northridge, California business owner got a $150,000 loan.

Getting a small business loan in Northridge, California was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Commerce Bank, operating out of Encino, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BIOLOGICAL PRODUCT MANUFACTURING
NORTHRIDGE, CA 91325

SBA Loan Lender

FIRST COMMERCE BANK
16861 VENTURA BLVD, STE 100
ENCINO, CA 91436

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325414 - Biological Product Manufacturing

Loan Approval Date

2/5/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 11 employees. This SBA loan request did not indicate that the small 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?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours 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 - How to Borrow Money

Best Banks for Small Business in Encino, California

Where to Get an SBA Loan California