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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Margarit, Business Loans > South Cnty Bank Rancho Santa Margarit Business Loans > Metal Window And Door Manufacturing Loan | ||||
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Small Business Banks for Santa Ana Small Business Owners
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Getting an SBA Loan for Metal Window and Door ManufacturingWith these commercial loans for metal window and door manufacturing, the SBA guarantees the lender that the loan will be repaid. This metal window and door manufacturing loan for $1,000,000 was given to a California entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santa Ana, California was able to borrow $1,000,000 from South Cnty Bank. The SBA made the loan possible by guaranteeing $645,200 of this California small business loan. SBA Loan Borrower COMPANY TYPE: METAL WINDOW AND DOOR MANUFACTURING SBA Loan Lender SOUTH CNTY BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332321 - Metal Window and Door Manufacturing Loan Approval Date 11/26/2003 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $645,200. 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 14 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 14 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like South Cnty 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: SBA 7A Banks in Rancho Santa Margarit, California
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