Glendale, California Bank Gives SBA Loan to Aluminum Extruded Product Manufacturing Company

Find Glendale, California banks that specialize in business loans and know how to work with entrepreneurs. Americas United Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Chino, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Americas United Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM EXTRUDED PRODUCT MANUFACTURING
CHINO, CA 91710

SBA Loan Lender

AMERICAS UNITED BANK
801 N BRAND BLVD, STE 1150
GLENDALE, CA 91203

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331316 - Aluminum Extruded Product Manufacturing

Loan Approval Date

7/16/2007

Loan Approval Gross Amount

$1,382,000

Loan Approval from the SBA

Of the total $1,382,000 loan amount, the SBA guaranteed $1,036,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 85 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 60 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Americas United Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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