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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Chemical And Allied Products Wholesalers Loan | ||||
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Santa Fe Springs, California Bank Loan
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Chemical and Allied Products Wholesalers SBA LoansWith these SBA loans for chemical and allied products wholesalers, the SBA guarantees the lender that the loan will be repaid. This chemical and allied products wholesalers loan for $167,000 was given to a California entrepreneur in 2002. Getting a small business loan in Santa Fe Springs, California was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of Truckee, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS WHOLESALERS SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422690 - Chemical and Allied Products Wholesalers Loan Approval Date 1/16/2002 Loan Approval Gross Amount $167,000 Loan Approval from the SBA Of the total $167,000 loan amount, the SBA guaranteed $125,250. 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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $167,000 loan. Remember, feel the fear, and do it anyway. 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 - How to Borrow Money Good Banks for Small Business in Truckee, California
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