Entrepreneur Works With Santa Ana, California Bank to Get an SBA Loan

Find Santa Ana, California banks that specialize in business loans and know how to work with entrepreneurs. American Security Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Irvine, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from American Security Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PRODUCTS
IRVINE, CA 92614

SBA Loan Lender

AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3089 - Plastics Products

NAICS Code

326220 - Rubber and Plastics Hoses and Belting Manufacturing

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$449,730

Loan Approval from the SBA

Of the total $449,730 loan amount, the SBA guaranteed $337,298.

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 85 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $449,730 loan. Remember, anyone can do it... so why not you?

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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