Commercial Bakeries Small Business Loans

Looking for small business loans for commercial bakeries? Try the SBA. This $395,500 commercial bakeries loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South El Monte, California was able to borrow $395,500 from Mirae Bank. The SBA made the loan possible by guaranteeing $296,625 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
SOUTH EL MONTE, CA 91733

SBA Loan Lender

MIRAE BANK
3255 WILSHIRE BLVD, STE 1100
LOS ANGELES, CA 90010

This lender provides SBA small business 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

311812 - Commercial Bakeries

Loan Approval Date

8/8/2005

Loan Approval Gross Amount

$395,500

Loan Approval from the SBA

Of the total $395,500 loan amount, the SBA guaranteed $296,625.

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 retain 12 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $395,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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