Small Business Loans for Hardware Merchant Wholesalers

With these small business loans for hardware merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This hardware merchant wholesalers loan for $897,000 was given to a California entrepreneur in 2004.

Getting a small business loan in Lake Forest, California was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Sunwest Bank, operating out of Tustin, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE MERCHANT WHOLESALERS
LAKE FOREST, CA 92630

SBA Loan Lender

SUNWEST BANK
17542 E 17TH ST
TUSTIN, CA 92780

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.

NAICS Code

423710 - Hardware Merchant Wholesalers

Loan Approval Date

6/23/2004

Loan Approval Gross Amount

$897,000

Loan Approval from the SBA

Of the total $897,000 loan amount, the SBA guaranteed $672,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Sunwest Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Banks in Tustin, California

SBA Lenders in California