Getting an SBA Loan for Semiconductor and Related Device Manufacturing

With these SBA loans for semiconductor and related device manufacturing, the SBA guarantees the lender that the loan will be repaid. This semiconductor and related device manufacturing loan for $27,000 was given to a California entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Manteca, California was able to borrow $27,000 from Bank Of America. The SBA made the loan possible by guaranteeing $13,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTOR AND RELATED DEVICE MANUFACTURING
MANTECA, CA 95336

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

334413 - Semiconductor and Related Device Manufacturing

Loan Approval Date

12/6/2002

Loan Approval Gross Amount

$27,000

Loan Approval from the SBA

Of the total $27,000 loan amount, the SBA guaranteed $13,500.

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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Manteca CA, you ought to talk with a local Manteca SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manteca businesses.

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.

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