Business Loans for Commodity Contracts Dealing

Looking for business loans for commodity contracts dealing? The SBA may be the answer. This $1,169,000 commodity contracts dealing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in National City, California was able to borrow $1,169,000 from Pacific Cap. Bank. The SBA made the loan possible by guaranteeing $795,773 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMODITY CONTRACTS DEALING
NATIONAL CITY, CA 91950

SBA Loan Lender

PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523130 - Commodity Contracts Dealing

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$1,169,000

Loan Approval from the SBA

Of the total $1,169,000 loan amount, the SBA guaranteed $795,773.

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 60 employees. The SBA loan application for the borrower indicated that the loan would help retain 60 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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