Getting an SBA Loan for Electroplating, Plating, Polishing, Anodizing, and Coloring

Looking for commercial loans for electroplating, plating, polishing, anodizing, and coloring? An SBA loan may be just what you've been looking for. This $742,500 electroplating, plating, polishing, anodizing, and coloring loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Union Bank Of California, out of Simi Valley, California. The loan was granted and they received $742,500 to help grow their Santa Fe Springs, California business.

SBA Loan Borrower

COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING
SANTA FE SPRINGS, CA 91670

SBA Loan Lender

UNION BANK OF CALIFORNIA
1475 E LOS ANGELES
SIMI VALLEY, CA 93065

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring

Loan Approval Date

8/10/2001

Loan Approval Gross Amount

$742,500

Loan Approval from the SBA

Of the total $742,500 loan amount, the SBA guaranteed $539,055.

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 25 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 25 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Union Bank Of California had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Union Bank Of California made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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