Computer Peripheral Equipment Manufacturing SBA Loans

With these SBA loans for computer peripheral equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This computer peripheral equipment manufacturing loan for $90,000 was given to a California entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in San Diego, California, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Bank, based in Chula Vista, California.

SBA Loan Borrower

COMPANY TYPE: COMPUTER PERIPHERAL EQUIPMENT MANUFACTURING
SAN DIEGO, CA 92121

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334119 - Computer Peripheral Equipment Manufacturing

Loan Approval Date

12/22/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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 37 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in San Diego CA, you ought to talk with a local San Diego SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Diego businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

The Art of Bootstrapping

SBA 7A Banks in Chula Vista, California

California SBA 7A Lenders