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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > National Bank Of California Los Angeles Business Loans > Roasted Nuts And Peanut Butter Manufacturing Loan | ||||
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Raising Money in Chatsworth, California With SBA Loans
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Get an SBA Loan for Roasted Nuts and Peanut Butter ManufacturingLooking for loans for roasted nuts and peanut butter manufacturing? Try the SBA. This $967,500 roasted nuts and peanut butter manufacturing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chatsworth, California was able to borrow $967,500 from National Bank Of California. The SBA made the loan possible by guaranteeing $725,625 of this California small business loan. SBA Loan Borrower COMPANY TYPE: ROASTED NUTS AND PEANUT BUTTER MANUFACTURING SBA Loan Lender NATIONAL BANK OF CALIFORNIA 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 311911 - Roasted Nuts and Peanut Butter Manufacturing Loan Approval Date 11/30/2006 Loan Approval Gross Amount $967,500 Loan Approval from the SBA Of the total $967,500 loan amount, the SBA guaranteed $725,625. 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 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National Bank Of California 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 Los Angeles, California
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