Semiconductor and Related Device Manufacturing SBA Loans

With these SBA loans for semiconductor and related device manufacturing, the SBA guarantees the lender that the loan will be repaid. This semiconductor and related device manufacturing loan for $600,000 was given to a California entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Torrance, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was World Trade Finance, Inc., based in Glendale, California.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTOR AND RELATED DEVICE MANUFACTURING
TORRANCE, CA 90505

SBA Loan Lender

WORLD TRADE FINANCE, INC.
515 N CENTRAL AVE, SUITE B
GLENDALE, CA 91203

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334413 - Semiconductor and Related Device Manufacturing

Loan Approval Date

11/6/2001

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $540,000.

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 25 employees. The loan application indicated that the loan would help retain 25 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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