Business Loan from Ge Cap. Small Business Finan Corp Given to Plastics Product Manufacturing Company

Ge Cap. Small Business Finan Corp is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Costa Mesa, California was able to borrow $408,200 from Ge Cap. Small Business Finan Corp. The SBA made the loan possible by guaranteeing $306,150 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING
COSTA MESA, CA 92626

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

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

326199 - Plastics Product Manufacturing

Loan Approval Date

11/21/2002

Loan Approval Gross Amount

$408,200

Loan Approval from the SBA

Of the total $408,200 loan amount, the SBA guaranteed $306,150.

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 60 employees. The loan application indicated that the loan would help retain 60 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Costa Mesa CA, you ought to talk with a local Costa Mesa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Costa Mesa businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ge Cap. Small Business Finan Corp 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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