Business Loans for Aluminum Die-Casting Foundries

With these business loans for aluminum die-casting foundries, the SBA guarantees the lender that the loan will be repaid. This aluminum die-casting foundries loan for $200,000 was given to a California entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Newhall, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community Bank, based in Pasadena, California.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTING FOUNDRIES
NEWHALL, CA 91605

SBA Loan Lender

COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331521 - Aluminum Die-Casting Foundries

Loan Approval Date

7/1/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 25 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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