Borrowing Money for Tortilla Manufacturing

Looking for bank loans for tortilla manufacturing? The SBA may be the answer. This $475,000 tortilla manufacturing loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Escondido, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was 1st Centennial Bank, based in Brea, California.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
ESCONDIDO, CA 92027

SBA Loan Lender

1ST CENTENNIAL BANK
10 POINTE DR
BREA, CA 92821

This commercial loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

NAICS Code

311830 - Tortilla Manufacturing

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

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 30 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st Centennial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st Centennial Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 - How to Borrow Money

SBA 7A Lenders in Brea, California

California SBA Bank Lenders