Refrigerated Warehousing and Storage Commercial Loans

Looking for commercial loans for refrigerated warehousing and storage? Talk to a banker who works with the SBA. This $1,488,500 refrigerated warehousing and storage loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dinuba, California was able to borrow $1,488,500 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $1,116,375 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATED WAREHOUSING AND STORAGE
DINUBA, CA 93618

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

493120 - Refrigerated Warehousing and Storage

Loan Approval Date

10/20/2006

Loan Approval Gross Amount

$1,488,500

Loan Approval from the SBA

Of the total $1,488,500 loan amount, the SBA guaranteed $1,116,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help retain 17 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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