Loans for Knit Fabric and Lace Mills

With these loans for knit fabric and lace mills, the SBA guarantees the lender that the loan will be repaid. This knit fabric and lace mills loan for $369,600 was given to a California entrepreneur in 2000.

Getting a small business loan in Los Angeles, California was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of San Francisco, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: LACE AND WARP KNIT FABRIC MILLS
LOS ANGELES, CA 90021

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

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.

SIC Code

2258 - Lace and Warp Knit Fabric Mills

NAICS Code

313249 - Knit Fabric and Lace Mills

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$369,600

Loan Approval from the SBA

Of the total $369,600 loan amount, the SBA guaranteed $277,200.

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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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.

Related Links:

SBIR Funding

Banks in San Francisco, California

Getting an SBA Loan in California