Getting an SBA Loan for Surgical Appliance and Supplies Manufacturing

Looking for business loans for surgical appliance and supplies manufacturing? Try the SBA. This $297,500 surgical appliance and supplies manufacturing loan was issued by a California bank.

This business 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 First Bank, based in Chula Vista, California.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS
CARLSBAD, CA 92008

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3851 - Ophthalmic Goods

NAICS Code

339113 - Surgical Appliance and Supplies Manufacturing

Loan Approval Date

11/7/2001

Loan Approval Gross Amount

$297,500

Loan Approval from the SBA

Of the total $297,500 loan amount, the SBA guaranteed $223,125.

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 15 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank and they will explain how you can get an SBA loan for your company.

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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SBA Banks in Chula Vista, California

California SBA Bank Lenders