SBA Loan from Altaone Fcu Helps Sporting And Athletic Goods Manufacturing Company

An SBA loan from Altaone Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ridgecrest, California business owner got a $257,350 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ridgecrest, California was able to borrow $257,350 from Altaone Fcu. The SBA made the loan possible by guaranteeing $193,013 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
RIDGECREST, CA 93555

SBA Loan Lender

ALTAONE FCU
701 S CHINA LAKE BLVD
RIDGECREST, CA 93555

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$257,350

Loan Approval from the SBA

Of the total $257,350 loan amount, the SBA guaranteed $193,013.

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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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