Commercial Equipment Wholesalers Small Business Loans
With these small business loans for commercial equipment wholesalers, the SBA guarantees the lender that the loan will be repaid. This commercial equipment wholesalers loan for $1,333,300 was given to a California entrepreneur in 2002.
This company knew how to go about getting a business bank loan. Based in South San Francisco, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL EQUIPMENT
SOUTH SAN FRANCISCO, CA 96090
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a deep knowledge SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5046 - Commercial Equipment
NAICS Code
421440 - Commercial Equipment Wholesalers
Loan Approval Date
8/29/2002
Loan Approval Gross Amount
$1,333,300
Loan Approval from the SBA
Of the total $1,333,300 loan amount, the SBA guaranteed $999,975.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Although it's called an SBA loan, 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.
This SBA loan was for $1,333,300. How would you spend $1,333,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Business Line of Credit
Banks in Cincinnati, Ohio
Where to Get an SBA Loan Ohio