Chula Vista, California Bank Gives SBA Loan to Fabricated Metal Products Company

Thinking about meeting with a Chula Vista, California bank about an SBA loan? Here's one California business loan, issued by a Chula Vista bank, that was approved by the SBA.

Applying for an SBA loan with First Bank worked out well for our friends at one local business in Carlsbad, California. They got an SBA loan for $410,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
CARLSBAD, CA 92008

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

This SBA loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3499 - Fabricated Metal Products

Loan Approval Date

9/21/2000

Loan Approval Gross Amount

$410,500

Loan Approval from the SBA

Of the total $410,500 loan amount, the SBA guaranteed $307,875.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 55 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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Small Bank Loans in Chula Vista, California

SBA Lenders in California