Fabricated Pipe and Pipe Fitting Manufacturing Bank Loans
Looking for bank loans for fabricated pipe and pipe fitting manufacturing? The SBA may be the answer. This $464,400 fabricated pipe and pipe fitting manufacturing loan was issued by a California bank.
This small firm knew how to go about getting a business bank loan. Based in Carlsbad, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Temecula Valley Bank, based in Temecula, California.
SBA Loan Borrower
COMPANY TYPE: FABRICATED PIPE AND PIPE FITTING MANUFACTURING
CARLSBAD, CA 92009
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
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.
NAICS Code
332996 - Fabricated Pipe and Pipe Fitting Manufacturing
Loan Approval Date
6/21/2001
Loan Approval Gross Amount
$464,400
Loan Approval from the SBA
Of the total $464,400 loan amount, the SBA guaranteed $348,300.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 9 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Temecula Valley Bank 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.
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