Los Angeles, California Bank Gives SBA Loan to Unsupported Plastics Profile Shapes Manufacturing Company

Want to talk with a Los Angeles, California bank about a business loan? Here's one California business loan, issued by a Los Angeles bank, that was approved by the SBA.

Applying for an SBA loan with Manufacturers Bank worked out well for our friends at one local company in Ontario, California. The business was able to get an SBA loan for $90,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS PROFILE SHAPES MANUFACTURING
ONTARIO, CA 91761

SBA Loan Lender

MANUFACTURERS BANK
515 S FIGUEROA
LOS ANGELES, CA 90071

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

326121 - Unsupported Plastics Profile Shapes Manufacturing

Loan Approval Date

4/30/2004

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $45,000.

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 300 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 300 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Manufacturers Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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Banks in Los Angeles, California

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