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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Machine Shops Loan | ||||
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San Francisco Bank Loan
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San Francisco, California Bank Gives SBA Loan to Machine Shops CompanyWant to talk with a San Francisco, California bank about an SBA loan? Here's one Washington business loan, issued by a San Francisco bank, that was approved by the SBA. Applying for an SBA loan with Bank Of The West worked out well for our friends at one local company in Arlington, Washington. They got an SBA loan for $360,000. Awesome! SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender BANK OF THE WEST This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 10/24/2000 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. 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 3 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of The West are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Good Banks for Small Business in San Francisco, California
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