Getting an SBA Loan for Rubber Product Manufacturing

Looking for commercial loans for rubber product manufacturing? Talk to a banker who works with the SBA. This $1,209,000 rubber product manufacturing loan was issued by a California bank.

This business knew how to go about getting a business bank loan. Based in Raeford, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Excel National Bank, based in Beverly Hills, California.

SBA Loan Borrower

COMPANY TYPE: RUBBER PRODUCT MANUFACTURING
RAEFORD, NC 28376

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326299 - Rubber Product Manufacturing

Loan Approval Date

7/25/2007

Loan Approval Gross Amount

$1,209,000

Loan Approval from the SBA

Of the total $1,209,000 loan amount, the SBA guaranteed $906,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 98 employees. This SBA loan request indicated that the loan would help generate 49 new jobs and retain 49 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Role of Business Plan When Raising Money

Small Bank Loans in Beverly Hills, California

California SBA 7A Lenders