How to Get a Loan for Sheet Metal Work Manufacturing
Looking for SBA loans for sheet metal work manufacturing? Try the SBA. This $775,000 sheet metal work manufacturing loan was issued by a California bank.
This small business knew how to go about getting a business bank loan. Based in Signal Hill, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was California Bank & Trust, based in Sacramento, California.
SBA Loan Borrower
COMPANY TYPE: SHEET METAL WORK MANUFACTURING
SIGNAL HILL, CA 90804
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332322 - Sheet Metal Work Manufacturing
Loan Approval Date
2/22/2002
Loan Approval Gross Amount
$775,000
Loan Approval from the SBA
Of the total $775,000 loan amount, the SBA guaranteed $581,250.
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 11 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 11 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.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Microlending as a Small Business Funding Source
Who Lends Money to Small Businesses in Sacramento, California
SBA California Lenders