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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Pacific Western Bank San Diego Business Loans > Electronic Coil, Transformer, And Inductor Manufacturing Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Getting an SBA Loan for Electronic Coil, Transformer, and Inductor ManufacturingLooking for SBA loans for electronic coil, transformer, and inductor manufacturing? An SBA loan may be just what you've been looking for. This $333,000 electronic coil, transformer, and inductor manufacturing loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in San Marcos, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Pacific Western Bank, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COIL, TRANSFORMER, AND INDUCTOR MANUFACTURING SBA Loan Lender PACIFIC WESTERN BANK This small business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334416 - Electronic Coil, Transformer, and Inductor Manufacturing Loan Approval Date 10/5/2001 Loan Approval Gross Amount $333,000 Loan Approval from the SBA Of the total $333,000 loan amount, the SBA guaranteed $249,750. 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 8 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pacific Western Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Advice on Getting a Small Business Loan SBA 7A Lenders in San Diego, California
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