Ramona, California Bank Lends Money to Fabricated Structural Metal Manufacturing Company in Ramona, California

Want to talk with a Ramona, California bank about a business loan? Here's one California business loan, issued by a Ramona bank, that was approved by the SBA.

Applying for an SBA loan with First Business Bank worked out well for our friends at one local company in Ramona, California. The business was able to get an SBA loan for $185,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING
RAMONA, CA 92065

SBA Loan Lender

FIRST BUSINESS BANK
1315 MAIN ST
RAMONA, CA 92065

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332312 - Fabricated Structural Metal Manufacturing

Loan Approval Date

9/27/2006

Loan Approval Gross Amount

$185,500

Loan Approval from the SBA

Of the total $185,500 loan amount, the SBA guaranteed $139,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Borrowing Money from Friends and Family

Banks in Ramona, California

Where to Get an SBA Loan California