Small Business Loans for Fruit and Vegetable Canning

Looking for small business loans for fruit and vegetable canning? Try the SBA. This $258,000 fruit and vegetable canning loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Commerce, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Beach Business Bank, based in Manhattan Beach, California.

SBA Loan Borrower

COMPANY TYPE: PICKLES, SAUCES, AND SALAD DRESSINGS
COMMERCE, CA 90040

SBA Loan Lender

BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2035 - Pickles, Sauces, and Salad Dressings

NAICS Code

311421 - Fruit and Vegetable Canning

Loan Approval Date

2/8/2005

Loan Approval Gross Amount

$258,000

Loan Approval from the SBA

Of the total $258,000 loan amount, the SBA guaranteed $193,500.

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 12 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $258,000 loan. Remember, if it to be, it is up to me!

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.

SBA 7A Banks in Manhattan Beach, California

SBA Participating Banks in California

SBA 7A Banks in California

Small Business Loans for Fruit and Vegetable Canning