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March 28, 2024  
 
 
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CA Business Loan from Sce Fcu

 

 
Loan Census SBA Loan Info

Sce Fcu SBA Loan to Plastics Materials And Basic Forms And Shapes Merchant Wholesalers Company

An SBA loan from Sce Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ontario, California business owner got a $185,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ontario, California was able to borrow $185,000 from Sce Fcu. The SBA made the loan possible by guaranteeing $138,750 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS MATERIALS AND BASIC FORMS AND SHAPES MERCHANT WHOLESALERS
ONTARIO, CA 91761

SBA Loan Lender

SCE FCU
3810 DURBIN ST
IRWINDALE, CA 91706

This lender issued this commercial loan under the 7A SBA 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

424610 - Plastics Materials and Basic Forms and Shapes Merchant Wholesalers

Loan Approval Date

9/15/2005

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 7 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

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