Cincinnati, Ohio Bank Lends Money to Motor Vehicle Supplies And New Parts Merchant Wholesalers Company in Santa Ana, California
Thinking about meeting with a Cincinnati, Ohio bank about a small business loan? Here's one California business loan, issued by a Cincinnati bank, that was approved by the SBA.
Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local company in Santa Ana, California. They received an SBA loan for $541,400. Sweet!
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS
SANTA ANA, CA 92707
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers
Loan Approval Date
9/21/2006
Loan Approval Gross Amount
$541,400
Loan Approval from the SBA
Of the total $541,400 loan amount, the SBA guaranteed $406,050.
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 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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