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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Motorcycles, Bicycles, And Parts Loan | ||||
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Bank Of The West Small Business Loan
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Get an SBA Loan for Motorcycle, Bicycle, and Parts ManufacturingWith these small business loans for motorcycle, bicycle, and parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This motorcycle, bicycle, and parts manufacturing loan for $630,000 was given to a California entrepreneur in 2000. Getting a small business loan in San Rafael, California was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of San Francisco, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MOTORCYCLES, BICYCLES, AND PARTS SBA Loan Lender BANK OF THE WEST 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. SIC Code 3751 - Motorcycles, Bicycles, and Parts NAICS Code 336991 - Motorcycle, Bicycle, and Parts Manufacturing Loan Approval Date 6/19/2000 Loan Approval Gross Amount $630,000 Loan Approval from the SBA Of the total $630,000 loan amount, the SBA guaranteed $472,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to 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. 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 Bank Of The West 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: SBA 7A Banks in San Francisco, California
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