Getting an SBA Loan for Electronic Coil, Transformer, and Inductor Manufacturing

Looking for commercial loans for electronic coil, transformer, and inductor manufacturing? Talk to a banker who works with the SBA. This $948,000 electronic coil, transformer, and inductor manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Monterey Park, California was able to borrow $948,000 from Mission Oaks National Bank. The SBA made the loan possible by guaranteeing $711,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COIL, TRANSFORMER, AND INDUCTOR MANUFACTURING
MONTEREY PARK, CA 91754

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334416 - Electronic Coil, Transformer, and Inductor Manufacturing

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$948,000

Loan Approval from the SBA

Of the total $948,000 loan amount, the SBA guaranteed $711,000.

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 25 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

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Getting an SBA Loan for Electronic Coil, Transformer, and Inductor Manufacturing