Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks in California

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Wood Window and Door Manufacturing

Looking for commercial loans for wood window and door manufacturing? Talk to a banker who works with the SBA. This $383,000 wood window and door manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Poway, California was able to borrow $383,000 from Pacific Western Bank. The SBA made the loan possible by guaranteeing $287,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
POWAY, CA 92064

SBA Loan Lender

PACIFIC WESTERN BANK
16495 BERNARDO CENTER DR
SAN DIEGO, CA 92128

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and are well trained in SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2431 - Millwork

NAICS Code

321911 - Wood Window and Door Manufacturing

Loan Approval Date

6/21/2001

Loan Approval Gross Amount

$383,000

Loan Approval from the SBA

Of the total $383,000 loan amount, the SBA guaranteed $287,250.

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 24 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pacific Western Bank and they will explain how you can get an SBA loan for your company.

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:

Choosing VC Firms

SBA 7A Banks for San Diego, California Loans

California SBA 7A Banks