Bank Loans for Spice and Extract Manufacturing

With these bank loans for spice and extract manufacturing, the SBA guarantees the lender that the loan will be repaid. This spice and extract manufacturing loan for $970,000 was given to a California entrepreneur in 2003.

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 2003. The lending bank was Bridge Bank, based in San Jose, California.

SBA Loan Borrower

COMPANY TYPE: SPICE AND EXTRACT MANUFACTURING
SOUTH SAN FRANCISCO, CA 94083

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

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

311942 - Spice and Extract Manufacturing

Loan Approval Date

11/20/2003

Loan Approval Gross Amount

$970,000

Loan Approval from the SBA

Of the total $970,000 loan amount, the SBA guaranteed $727,500.

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 26 employees. The loan application indicated that the loan would help retain 26 existing jobs.

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

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.

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.

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