Commercial Loans for Machine Shops

Looking for commercial loans for machine shops? The SBA may be the answer. This $256,800 machine shops loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paramount, California was able to borrow $256,800 from Mission Oaks National Bank. The SBA made the loan possible by guaranteeing $192,600 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
PARAMOUNT, CA 90723

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

1/25/2005

Loan Approval Gross Amount

$256,800

Loan Approval from the SBA

Of the total $256,800 loan amount, the SBA guaranteed $192,600.

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 only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Paramount or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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