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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > United Commercial Bank San Francisco Business Loans > Motor Vehicle Parts Merchant Wholesalers Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Business Loans for Motor Vehicle Parts Merchant WholesalersLooking for business loans for motor vehicle parts merchant wholesalers? Try the SBA. This $225,000 motor vehicle parts merchant wholesalers loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Santa Ana, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was United Commercial Bank, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS MERCHANT WHOLESALERS SBA Loan Lender UNITED COMMERCIAL BANK 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 423140 - Motor Vehicle Parts Merchant Wholesalers Loan Approval Date 3/22/2005 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $225,000 loan. Remember, you control your own destiny. 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: A Company That Helps Entrepreneurs SBA 7A Banks in San Francisco, California
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