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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Cucamonga, Business Loans > Pff Bank & Trust Rancho Cucamonga Business Loans > Process, Physical Distribution, And Logistics Consulting Services Loan | ||||
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Banks in Rancho Cucamonga, California That Make SBA Loans
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Rancho Cucamonga, California Lender Lends Money to Process, Physical Distribution, And Logistics Consulting Services CompanyThinking about meeting with a Rancho Cucamonga, California bank about a business loan? Here's one California business loan, issued by a Rancho Cucamonga bank, that was approved by the SBA. Applying for an SBA loan with Pff Bank & Trust worked out well for our friends at one local business in Pomona, California. They got an SBA loan for $500,000. Nice! SBA Loan Borrower COMPANY TYPE: PROCESS, PHYSICAL DISTRIBUTION, AND LOGISTICS CONSULTING SERVICES SBA Loan Lender PFF BANK & TRUST This 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 541614 - Process, Physical Distribution, and Logistics Consulting Services Loan Approval Date 6/22/2006 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 44 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Rancho Cucamonga, California Banks for Small Business
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