San Francisco, California Lender Lends Money to Current-Carrying Wiring Devices Company

Thinking about meeting with a San Francisco, California bank about a business loan? Here's one California business loan, issued by a San Francisco bank, that was approved by the SBA.

Applying for an SBA loan with Citibank worked out well for our friends at one local business in South El Monte, California. They received an SBA loan for $366,700. Great job!

SBA Loan Borrower

COMPANY TYPE: CURRENT-CARRYING WIRING DEVICES
SOUTH EL MONTE, CA 91733

SBA Loan Lender

CITIBANK
ONE SANSOME ST
SAN FRANCISCO, CA 94104

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.

SIC Code

3643 - Current-Carrying Wiring Devices

NAICS Code

335931 - Current-Carrying Wiring Device Manufacturing

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$366,700

Loan Approval from the SBA

Of the total $366,700 loan amount, the SBA guaranteed $275,025.

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 18 employees. The loan application indicated that the loan would help retain 18 existing jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in South El Monte or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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