Heating Equipment Manufacturing SBA Loans

With these SBA loans for heating equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This heating equipment manufacturing loan for $631,800 was given to a California entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with East West Bank, out of Pasadena, California. The loan was granted and they received $631,800 to help grow their Temecula, California business.

SBA Loan Borrower

COMPANY TYPE: HEATING EQUIPMENT MANUFACTURING
TEMECULA, CA 92592

SBA Loan Lender

EAST WEST BANK
135 N LOS ROBLES AVE, 7TH FL
PASADENA, CA 91101

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.

NAICS Code

333414 - Heating Equipment Manufacturing

Loan Approval Date

3/16/2006

Loan Approval Gross Amount

$631,800

Loan Approval from the SBA

Of the total $631,800 loan amount, the SBA guaranteed $473,850.

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 17 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Equity Financing

Small Business Banks in Pasadena, California

California SBA 7A Lenders