Financing for Transportation Equipment Manufacturing

With these loans for transportation equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This transportation equipment manufacturing loan for $25,000 was given to a California entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Marcos, California was able to borrow $25,000 from Pacific Western Bank. The SBA made the loan possible by guaranteeing $12,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING
SAN MARCOS, CA 92069

SBA Loan Lender

PACIFIC WESTERN BANK
6110 EL TORDO
RANCHO SANTA FE, CA 92067

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

336999 - Transportation Equipment Manufacturing

Loan Approval Date

3/8/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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