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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Chino, Business Loans > Pacific Western Bank Chino Business Loans > Truck And Bus Bodies Loan | ||||
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SBA Lender Rialto California
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Financing for Motor Vehicle Body ManufacturingLooking for commercial loans for motor vehicle body manufacturing? The SBA may be the answer. This $650,000 motor vehicle body manufacturing loan was issued by a California bank. Getting a small business loan in Rialto, California was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Pacific Western Bank, operating out of Chino, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: TRUCK AND BUS BODIES SBA Loan Lender PACIFIC WESTERN BANK When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3713 - Truck and Bus Bodies NAICS Code 336211 - Motor Vehicle Body Manufacturing Loan Approval Date 9/29/2000 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. 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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pacific Western Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in Chino, California
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