Financing for Rubber Product Manufacturing for Mechanical Use

With these commercial loans for rubber product manufacturing for mechanical use, the SBA guarantees the lender that the loan will be repaid. This rubber product manufacturing for mechanical use loan for $800,000 was given to a California entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Tracy, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of The West, based in San Francisco, California.

SBA Loan Borrower

COMPANY TYPE: MOLDED, EXTRUDED, AND LATHE-CUT MECHANICAL RUBBER
TRACY, CA 95376

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3061 - Molded, Extruded, and Lathe-Cut Mechanical Rubber

NAICS Code

326291 - Rubber Product Manufacturing for Mechanical Use

Loan Approval Date

10/30/2000

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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 Incubators

Banks in San Francisco, California

California SBA 7A Lenders