Wood Kitchen Cabinet and Countertop Manufacturing Small Business Loans
Looking for small business loans for wood kitchen cabinet and countertop manufacturing? An SBA loan may be just what you've been looking for. This $1,749,000 wood kitchen cabinet and countertop manufacturing loan was issued by a Delaware bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gardena, California was able to borrow $1,749,000 from Lehman Brothers Bank, Fsb. The SBA made the loan possible by guaranteeing $999,990 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
GARDENA, CA 90249
SBA Loan Lender
LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801
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
337110 - Wood Kitchen Cabinet and Countertop Manufacturing
Loan Approval Date
10/12/2004
Loan Approval Gross Amount
$1,749,000
Loan Approval from the SBA
Of the total $1,749,000 loan amount, the SBA guaranteed $999,990.
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 178 employees. The SBA loan application for the borrower indicated that the loan would help retain 178 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Gardena or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
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Delaware SBA Banks