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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > City Of Industry, Business Loans > Tomatobank City Of Industry Business Loans > General Automotive Repair Loan | ||||
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How to Get SBA Money in Lake Arrowhead, California
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Tomatobank Gives Business Loan to General Automotive Repair CompanyCaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan. You can learn something about getting a small business loan in Lake Arrowhead, California by studying this loan to a local company, made back in 2006. Banks like Tomatobank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender TOMATOBANK 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 811111 - General Automotive Repair Loan Approval Date 2/8/2006 Loan Approval Gross Amount $388,000 Loan Approval from the SBA Of the total $388,000 loan amount, the SBA guaranteed $291,000. 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 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $388,000 loan. Remember, fight for what you want, and it will be yours! 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: Good Banks for Small Business in City Of Industry, California
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