Where to Get Capital for Precision Turned Product Manufacturing

Looking for SBA loans for precision turned product manufacturing? Try the SBA. This $469,300 precision turned product manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Simi Valley, California was able to borrow $469,300 from California Oaks State Bank. The SBA made the loan possible by guaranteeing $351,975 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PRECISION TURNED PRODUCT MANUFACTURING
SIMI VALLEY, CA 93065

SBA Loan Lender

CALIFORNIA OAKS STATE BANK
50 W HILLCREST DR
THOUSAND OAKS, CA 91360

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332721 - Precision Turned Product Manufacturing

Loan Approval Date

8/31/2006

Loan Approval Gross Amount

$469,300

Loan Approval from the SBA

Of the total $469,300 loan amount, the SBA guaranteed $351,975.

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 30 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Thousand Oaks, California

California SBA Banks