Get an SBA Loan for Fresh Fruit and Vegetable Wholesalers
With these small business loans for fresh fruit and vegetable wholesalers, the SBA guarantees the lender that the loan will be repaid. This fresh fruit and vegetable wholesalers loan for $384,000 was given to a California entrepreneur in 2000.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Loans From Old Closed Lenders, out of Washington, District of Columbia. The loan was granted and they received $384,000 to help grow their Anaheim, California business.
SBA Loan Borrower
COMPANY TYPE: FRESH FRUITS AND VEGETABLES
ANAHEIM, CA 92801
SBA Loan Lender
LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5148 - Fresh Fruits and Vegetables
NAICS Code
422480 - Fresh Fruit and Vegetable Wholesalers
Loan Approval Date
3/20/2000
Loan Approval Gross Amount
$384,000
Loan Approval from the SBA
Of the total $384,000 loan amount, the SBA guaranteed $288,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 10 employees. The SBA loan documents indicated that the funding would help generate 4 new jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Loans From Old Closed Lenders and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Financing Your Business
SBA Banks in Washington, District of Columbia
SBA Participating Banks in District of Columbia