Borrowing Money for Bottled Water Manufacturing

With these loans for bottled water manufacturing, the SBA guarantees the lender that the loan will be repaid. This bottled water manufacturing loan for $1,365,000 was given to a California entrepreneur in 2007.

Getting a small business loan in Castroville, California was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Monterey County Bank, operating out of Monterey, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BOTTLED WATER MANUFACTURING
CASTROVILLE, CA 95012

SBA Loan Lender

MONTEREY COUNTY BANK
601 MUNRAS AVE
MONTEREY, CA 93940

This lender provides SBA guaranteed 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

312112 - Bottled Water Manufacturing

Loan Approval Date

2/12/2007

Loan Approval Gross Amount

$1,365,000

Loan Approval from the SBA

Of the total $1,365,000 loan amount, the SBA guaranteed $1,023,750.

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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 Monterey County 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.

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