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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Safe-Bidco Santa Rosa Business Loans > Snack Food Manufacturing Loan | ||||
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How to Get SBA Loans in Petaluma, California
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How to Get a Loan for Snack Food ManufacturingLooking for commercial loans for snack food manufacturing? An SBA loan may be just what you've been looking for. This $270,000 snack food manufacturing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Petaluma, California was able to borrow $270,000 from Safe-Bidco. The SBA made the loan possible by guaranteeing $202,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SNACK FOOD MANUFACTURING SBA Loan Lender SAFE-BIDCO This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311919 - Snack Food Manufacturing Loan Approval Date 1/10/2005 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. This SBA loan was for $270,000. How would you spend $270,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Santa Rosa, California
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