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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Fullerton, Business Loans > Fullerton Community Bank, Fsb Fullerton Business Loans > Service Establishment Equipment And Supplies Merchant Wholesalers Loan | ||||
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Small Business Banks for Orange Small Business Owners
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Borrowing Money for Service Establishment Equipment and Supplies Merchant WholesalersWith these small business loans for service establishment equipment and supplies merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This service establishment equipment and supplies merchant wholesalers loan for $45,000 was given to a California entrepreneur in 2004. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Fullerton Community Bank, Fsb, out of Fullerton, California. The loan was granted and they received $45,000 to help grow their Orange, California business. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender FULLERTON COMMUNITY BANK, FSB This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423850 - Service Establishment Equipment and Supplies Merchant Wholesalers Loan Approval Date 6/17/2004 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. 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 Fullerton Community Bank, Fsb 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. Related Links: Obtaining Funding - How to Decide How Much to Raise Who Lends Money to Small Businesses in Fullerton, California
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