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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Escondido, Business Loans > Bank Of Escondido Escondido Business Loans > Machine Shops Loan | ||||
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We Needed a Commercial Loan in Escondido, California and We Got One!
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Financing for Machine ShopsLooking for commercial loans for machine shops? The SBA may be the answer. This $216,000 machine shops loan was issued by a California bank. Getting a small business loan in Escondido, California was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Escondido, operating out of Escondido, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender BANK OF ESCONDIDO As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 5/1/2007 Loan Approval Gross Amount $216,000 Loan Approval from the SBA Of the total $216,000 loan amount, the SBA guaranteed $162,000. 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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, 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. Related Links: Small Bank Loans in Escondido, California
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