Financing for Motor Vehicle Parts Manufacturing

Looking for loans for motor vehicle parts manufacturing? An SBA loan may be just what you've been looking for. This $1,472,900 motor vehicle parts manufacturing loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lancaster, California was able to borrow $1,472,900 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $1,104,675 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING
LANCASTER, CA 93536

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336399 - Motor Vehicle Parts Manufacturing

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$1,472,900

Loan Approval from the SBA

Of the total $1,472,900 loan amount, the SBA guaranteed $1,104,675.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Lancaster CA, you ought to talk with a local Lancaster SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lancaster businesses.

This SBA loan was for $1,472,900. How would you spend $1,472,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Borrowing Money from Friends and Family

Small Bank Loans in Cincinnati, Ohio

SBA Ohio Lenders