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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pomona, Business Loans > Pff Bank & Trust Pomona Business Loans > Construction Machinery And Equipment Loan | ||||
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Tips for Business Owners On Getting a Loan
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Loans for Construction Machinery ManufacturingLooking for loans for construction machinery manufacturing? Try the SBA. This $721,200 construction machinery manufacturing loan was issued by a California bank. Getting a small business loan in Riverside, California was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Pff Bank & Trust, operating out of Pomona, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT SBA Loan Lender PFF BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3531 - Construction Machinery and Equipment NAICS Code 333120 - Construction Machinery Manufacturing Loan Approval Date 11/14/2003 Loan Approval Gross Amount $721,200 Loan Approval from the SBA Of the total $721,200 loan amount, the SBA guaranteed $432,720. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Pff Bank & Trust 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: Realistic Debt Financing Options SBA Approved Banks in Pomona, California
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