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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Prefabricated Metal Building And Component Manufacturing Loan | ||||
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We Needed a Business Loan in Tustin, California and We Got One!
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Getting an SBA Loan for Prefabricated Metal Building and Component ManufacturingLooking for commercial loans for prefabricated metal building and component manufacturing? Talk to a banker who works with the SBA. This $700,000 prefabricated metal building and component manufacturing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tustin, California was able to borrow $700,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $525,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING SBA Loan Lender CALIFORNIA BANK & TRUST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332311 - Prefabricated Metal Building and Component Manufacturing Loan Approval Date 9/7/2004 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 37 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 37 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. California Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, California Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family Find an SBA Lender in Sacramento, California
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