Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Cypress, California and We Got One!

 

 
Loan Census SBA Loan Info

Machine Shops SBA Loans

Looking for SBA loans for machine shops? Talk to a banker who works with the SBA. This $655,600 machine shops loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cypress, California was able to borrow $655,600 from Fullerton Community Bank, Fsb. The SBA made the loan possible by guaranteeing $491,700 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
CYPRESS, CA 90630

SBA Loan Lender

FULLERTON COMMUNITY BANK, FSB
200 W COMMONWEALTH AVE
FULLERTON, CA 92832

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$655,600

Loan Approval from the SBA

Of the total $655,600 loan amount, the SBA guaranteed $491,700.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Cypress CA, you ought to talk with a local Cypress SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cypress businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Fullerton Community Bank, Fsb 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.

Related Links:

Obtaining Funding - Getting Venture Capital

Small Bank Loans in Fullerton, California

Find an SBA Lender in California