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May 1, 2024  
 
 
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California Small Business Loan Issued to Architectural And Ornamental Metal Work Company

CaliforniaSmall business loans are available to California small business owners through the SBA. In this case, an Arizona bank provides the loan.

This small business, based in San Diego, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Sunrise Bank Of Arizona. We've got the inside scoop on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL AND ORNAMENTAL METAL WORK
SAN DIEGO, CA 92113

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

This loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3446 - Architectural and Ornamental Metal Work

NAICS Code

332323 - Ornamental and Architectural Metal Work Manufacturing

Loan Approval Date

12/21/2000

Loan Approval Gross Amount

$309,500

Loan Approval from the SBA

Of the total $309,500 loan amount, the SBA guaranteed $232,125.

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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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