Financing for Household Cooking Appliance Manufacturing

Looking for loans for household cooking appliance manufacturing? An SBA loan may be just what you've been looking for. This $615,000 household cooking appliance manufacturing loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community W. Bank, out of Goleta, California. The loan was granted and they received $615,000 to help grow their Poway, California business.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD COOKING APPLIANCE MANUFACTURING
POWAY, CA 92064

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335221 - Household Cooking Appliance Manufacturing

Loan Approval Date

12/9/2003

Loan Approval Gross Amount

$615,000

Loan Approval from the SBA

Of the total $615,000 loan amount, the SBA guaranteed $461,250.

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 5 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Poway CA, you ought to talk with a local Poway SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Poway businesses.

We can help you find the best banks for small businesses in Poway 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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