Bbva Bancomer Usa SBA Loan to Plastics Products Company

Want a California SBA loan? Here's one California business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Riverside, California back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Bbva Bancomer Usa, operating out of Moreno Valley, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PRODUCTS
RIVERSIDE, CA 92503

SBA Loan Lender

BBVA BANCOMER USA
24010 SUNNYMEAD BLVD
MORENO VALLEY, CA 92553

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3089 - Plastics Products

Loan Approval Date

7/28/2000

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $76,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bbva Bancomer Usa so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Family and Friend Investors - Your First Financiers

Where to Get an SBA Loan in Moreno Valley, California

SBA Lenders in California