Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

Lakeside, California Bank Loan

 

 
Loan Census SBA Loan Info

Fabricated Metal Product Manufacturing Business Loans

Looking for business loans for fabricated metal product manufacturing? Talk to a banker who works with the SBA. This $5,100 fabricated metal product manufacturing loan was issued by a California bank.

This business knew how to go about getting a business bank loan. Based in Lakeside, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Union Bank Of California, based in San Francisco, California.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
LAKESIDE, CA 92040

SBA Loan Lender

UNION BANK OF CALIFORNIA
400 CALIFORNIA ST, 1ST FL
SAN FRANCISCO, CA 94104

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

2/23/2006

Loan Approval Gross Amount

$5,100

Loan Approval from the SBA

Of the total $5,100 loan amount, the SBA guaranteed $2,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Financing Your Business

Who Lends Money to Small Businesses in San Francisco, California

California SBA 7A Banks