Where to Get Capital for Refrigeration Equipment and Supplies Wholesalers

With these small business loans for refrigeration equipment and supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This refrigeration equipment and supplies wholesalers loan for $1,200,000 was given to a California entrepreneur in 2002.

This company knew how to go about getting a business bank loan. Based in Alameda, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Trans-Pacific National Bank, based in San Francisco, California.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION EQUIPMENT AND SUPPLIES WHOLESALERS
ALAMEDA, CA 94501

SBA Loan Lender

TRANS-PACIFIC NATIONAL BANK
55 2ND ST, STE 100
SAN FRANCISCO, CA 94105

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421740 - Refrigeration Equipment and Supplies Wholesalers

Loan Approval Date

8/15/2002

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

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 17 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

How to Raise Money

SBA 7A Banks for San Francisco, California Loans

California SBA 7A Lenders