Mojave Desert Bank SBA Loan to Gasoline Engine And Engine Parts Manufacturing Company

An SBA loan from Mojave Desert Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ridgecrest, California business owner got a $70,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Ridgecrest, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Mojave Desert Bank, based in Mojave, California.

SBA Loan Borrower

COMPANY TYPE: GASOLINE ENGINE AND ENGINE PARTS MANUFACTURING
RIDGECREST, CA 93555

SBA Loan Lender

MOJAVE DESERT BANK
15773 'K' ST
MOJAVE, CA 93501

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336312 - Gasoline Engine and Engine Parts Manufacturing

Loan Approval Date

10/15/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mojave Desert Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Getting a Small Business Loan

Best Banks for Small Business in Mojave, California

SBA Lenders in California