Small Business Loans for Broadwoven Fabric Finishing Mills

Looking for small business loans for broadwoven fabric finishing mills? An SBA loan may be just what you've been looking for. This $500,000 broadwoven fabric finishing mills loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Placentia, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was City National Bank, based in Los Angeles, California.

SBA Loan Borrower

COMPANY TYPE: BROADWOVEN FABRIC FINISHING MILLS
PLACENTIA, CA 92870

SBA Loan Lender

CITY NATIONAL BANK
606 S OLIVE ST
LOS ANGELES, CA 90014

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

8/4/2004

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $250,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 300 employees. The SBA loan documents indicated that the loan would help retain 300 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

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 City National 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:

The Friends and Family Network

Small Bank Loans in Los Angeles, California

SBA Participating Banks in California