Firm Gets a California Bank Loan
Searching for a California small business loan? This California entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners.
Getting a small business loan in Montebello, California was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from United Commercial Bank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: PLASTICS BAG AND POUCH MANUFACTURING
MONTEBELLO, CA 90640
SBA Loan Lender
UNITED COMMERCIAL BANK
555 MONTGOMERY ST
SAN FRANCISCO, CA 94111
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.
NAICS Code
326111 - Plastics Bag and Pouch Manufacturing
Loan Approval Date
6/19/2001
Loan Approval Gross Amount
$1,000,000
Loan Approval from the SBA
Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.
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 55 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 55 existing jobs.
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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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