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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Corona, Business Loans > Vineyard Bank Corona Business Loans > Electrical Equipment And Component Manufacturing Loan | ||||
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How to Get an SBA Loan in Costa Mesa, California
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Vineyard Bank Gives SBA Loan to Electrical Equipment And Component Manufacturing CompanyCaliforniaSBA loans are available to California entrepreneurs through the SBA. In this case, a California bank provides the loan. Getting a small business loan in Costa Mesa, California was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Vineyard Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL EQUIPMENT AND COMPONENT MANUFACTURING SBA Loan Lender VINEYARD BANK This lender provides SBA 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 335999 - Electrical Equipment and Component Manufacturing Loan Approval Date 3/6/2007 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Raising VC Money for Social Networking Companies Good Banks for Small Business in Corona, California
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