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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Metal Household Furniture Manufacturing Loan | ||||
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How to Get SBA Money in San Diego, California
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San Diego, California Entrepreneur Gets a Business LoanLooking to get a California SBA loan? This California entrepreneur got an SBA loan, provided by a Delaware bank that works with the SBA to help small business owners. This company, 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 Lehman Brothers Bank, Fsb. We've got the inside scoop on this California small business loan. SBA Loan Borrower COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender LEHMAN BROTHERS BANK, FSB This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337124 - Metal Household Furniture Manufacturing Loan Approval Date 11/17/2004 Loan Approval Gross Amount $960,000 Loan Approval from the SBA Of the total $960,000 loan amount, the SBA guaranteed $720,000. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in San Diego or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - Getting Venture Capital Best Banks for Small Business in Wilmington, Delaware
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