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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > United Commercial Bank San Francisco Business Loans > Aircraft Parts And Auxiliary Equipment Manufacturing Loan | ||||
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Paramount, California Bank Loan
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Bank Loans for Aircraft Parts and Auxiliary Equipment ManufacturingWith these bank loans for aircraft parts and auxiliary equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This aircraft parts and auxiliary equipment manufacturing loan for $480,000 was given to a California entrepreneur in 2002. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with United Commercial Bank, out of San Francisco, California. The loan was granted and they received $480,000 to help grow their Paramount, California business. SBA Loan Borrower COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING SBA Loan Lender UNITED COMMERCIAL BANK This lender provides SBA guaranteed business 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 336413 - Aircraft Parts and Auxiliary Equipment Manufacturing Loan Approval Date 7/2/2002 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Approved Banks in San Francisco, California
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