Boat Building Loans

Looking for loans for boat building? An SBA loan may be just what you've been looking for. This $900,000 boat building loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Newport Beach, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Pacific Western Bank, based in South Pasadena, California.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING AND REPAIRING
NEWPORT BEACH, CA 92663

SBA Loan Lender

PACIFIC WESTERN BANK
625 FAIR OAKS AVE
SOUTH PASADENA, CA 91030

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3732 - Boat Building and Repairing

NAICS Code

336612 - Boat Building

Loan Approval Date

11/9/2000

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

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 110 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Find an SBA Lender in South Pasadena, California

California SBA 7A Lenders