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December 22, 2024  
 
 
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Loan Census SBA Loan Info

Vending Machine Operators Commercial Loans

Looking for commercial loans for vending machine operators? The SBA may be the answer. This $42,000 vending machine operators loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with North Island Finan Cu Dba No., out of Chula Vista, California. The loan was granted and they received $42,000 to help grow their San Diego, California business.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
SAN DIEGO, CA 92011

SBA Loan Lender

NORTH ISLAND FINAN CU DBA NO.
2300 BOSWELL RD
CHULA VISTA, CA 91914

This SBA 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

454210 - Vending Machine Operators

Loan Approval Date

4/4/2007

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $35,700.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from North Island Finan Cu Dba No. 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.

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