Raising Money for Farm Machinery and Equipment Manufacturing

Looking for bank loans for farm machinery and equipment manufacturing? Talk to a banker who works with the SBA. This $1,075,000 farm machinery and equipment manufacturing loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Fresno, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Central Valley Community Bank, based in Clovis, California.

SBA Loan Borrower

COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING
FRESNO, CA 93706

SBA Loan Lender

CENTRAL VALLEY COMMUNITY BANK
600 POLLASKY AVE
CLOVIS, CA 93612

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

333111 - Farm Machinery and Equipment Manufacturing

Loan Approval Date

6/1/2001

Loan Approval Gross Amount

$1,075,000

Loan Approval from the SBA

Of the total $1,075,000 loan amount, the SBA guaranteed $806,250.

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 45 employees. This SBA loan request indicated that the loan would help retain 45 existing jobs.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Central Valley Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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