Dairy Product Wholesalers Commercial Loans

Looking for commercial loans for dairy product wholesalers? The SBA may be the answer. This $623,000 dairy product wholesalers loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $623,000 to help grow their Sepulveda, California business.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCT WHOLESALERS
SEPULVEDA, CA 91343

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

422430 - Dairy Product Wholesalers

Loan Approval Date

7/18/2001

Loan Approval Gross Amount

$623,000

Loan Approval from the SBA

Of the total $623,000 loan amount, the SBA guaranteed $467,250.

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 12 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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