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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Fullerton, Business Loans > Fullerton Community Bank, Fsb Fullerton Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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Examples of Riverside SBA Loans
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Commercial and Industrial Machinery and Equipment LoansLooking for loans for commercial and industrial machinery and equipment? The SBA may be the answer. This $157,500 commercial and industrial machinery and equipment loan was issued by a California bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Fullerton Community Bank, Fsb, out of Fullerton, California. The loan was granted and they received $157,500 to help grow their Riverside, California business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender FULLERTON COMMUNITY BANK, FSB Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 5/30/2002 Loan Approval Gross Amount $157,500 Loan Approval from the SBA Of the total $157,500 loan amount, the SBA guaranteed $118,125. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Fullerton Community Bank, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Microlending as a Small Business Funding Source Best Banks for Small Business in Fullerton, California
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