Entrepreneur Works With San Francisco, California Bank to Get an SBA Loan

Thinking about meeting with a San Francisco, California bank about a small business loan? Here's one California business loan, issued by a San Francisco bank, that was approved by the SBA.

Applying for an SBA loan with United Commercial Bank worked out well for our friends at one local business in Hawthorne, California. They received an SBA loan for $220,500. Nice!

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCT MERCHANT WHOLESALERS
HAWTHORNE, CA 90250

SBA Loan Lender

UNITED COMMERCIAL BANK
555 MONTGOMERY ST
SAN FRANCISCO, CA 94111

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

424430 - Dairy Product Merchant Wholesalers

Loan Approval Date

10/21/2005

Loan Approval Gross Amount

$220,500

Loan Approval from the SBA

Of the total $220,500 loan amount, the SBA guaranteed $165,375.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Commercial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Commercial 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.

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Getting an SBA Loan in California