Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA Lender Hayward California

 

 
Loan Census SBA Loan Info

Financing for Electroplating, Plating, Polishing, Anodizing, and Coloring

Looking for commercial loans for electroplating, plating, polishing, anodizing, and coloring? Try the SBA. This $659,000 electroplating, plating, polishing, anodizing, and coloring loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $659,000 to help grow their Hayward, California business.

SBA Loan Borrower

COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING AND ANODIZING
HAYWARD, CA 94544

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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.

SIC Code

3471 - Electroplating, Plating, Polishing and Anodizing

NAICS Code

332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring

Loan Approval Date

1/31/2000

Loan Approval Gross Amount

$659,000

Loan Approval from the SBA

Of the total $659,000 loan amount, the SBA guaranteed $494,250.

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 35 employees. The SBA loan application for the borrower indicated that the loan would help create 35 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Getting an SBA Loan in Texas