Financing for Lighting Equipment Manufacturing

With these loans for lighting equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This lighting equipment manufacturing loan for $92,000 was given to a California entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Pacific Palisades, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was East West Bank, based in Tarzana, California.

SBA Loan Borrower

COMPANY TYPE: LIGHTING EQUIPMENT MANUFACTURING
PACIFIC PALISADES, CA 90272

SBA Loan Lender

EAST WEST BANK
18321 VENTURA BLVD
TARZANA, CA 91356

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335129 - Lighting Equipment Manufacturing

Loan Approval Date

8/29/2001

Loan Approval Gross Amount

$92,000

Loan Approval from the SBA

Of the total $92,000 loan amount, the SBA guaranteed $78,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Pacific Palisades CA, you ought to talk with a local Pacific Palisades SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pacific Palisades 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 East West 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.

Related Links:

Raising Venture Capital

SBA 7A Banks for Tarzana, California Loans

California SBA Bank Lenders