Machine Shops Bank Loans
With these bank loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $378,000 was given to a California entrepreneur in 2006.
Getting a small business loan in San Jose, California was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Union Bank Of California, operating out of San Francisco, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MACHINE SHOPS
SAN JOSE, CA 95111
SBA Loan Lender
UNION BANK OF CALIFORNIA
400 CALIFORNIA ST, 1ST FL
SAN FRANCISCO, CA 94104
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332710 - Machine Shops
Loan Approval Date
12/29/2006
Loan Approval Gross Amount
$378,000
Loan Approval from the SBA
Of the total $378,000 loan amount, the SBA guaranteed $283,500.
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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in San Jose CA, you ought to talk with a local San Jose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Jose businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Union Bank Of California and they will explain how you can get an SBA loan for your company.
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:
Accountant's Role in Securing Financing
SBA Banks in San Francisco, California
SBA Lenders in California