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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Truck And Bus Bodies Loan | ||||
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Covina, California Bank Loan
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Covina, California Entrepreneur Gets a Business LoanCaliforniaSBA loans are available to California entrepreneurs through the SBA. In this case, a Missouri bank provides the loan. Getting a small business loan in Covina, California was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: TRUCK AND BUS BODIES SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP 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. SIC Code 3713 - Truck and Bus Bodies NAICS Code 336211 - Motor Vehicle Body Manufacturing Loan Approval Date 5/22/2000 Loan Approval Gross Amount $553,500 Loan Approval from the SBA Of the total $553,500 loan amount, the SBA guaranteed $415,125. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money This SBA loan was for $553,500. How would you spend $553,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in St. Louis, Missouri
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