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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > United Commercial Bank San Francisco Business Loans > Stationery And Office Supplies Wholesalers Loan | ||||
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I Need a Loan in Monterey Park, California
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Commercial Loans for Stationery and Office Supplies WholesalersLooking for commercial loans for stationery and office supplies wholesalers? The SBA may be the answer. This $50,000 stationery and office supplies wholesalers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Monterey Park, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was United Commercial Bank, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES WHOLESALERS SBA Loan Lender UNITED COMMERCIAL BANK 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 422120 - Stationery and Office Supplies Wholesalers Loan Approval Date 6/22/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Commercial Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Best San Francisco, California Banks for Small Business
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