Getting an SBA Loan for Dried and Dehydrated Food Manufacturing
Looking for commercial loans for dried and dehydrated food manufacturing? The SBA may be the answer. This $1,750,000 dried and dehydrated food manufacturing loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Van Nuys, California was able to borrow $1,750,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $740,600 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: DRIED AND DEHYDRATED FRUITS, VEGETABLES, AND SOUP
VAN NUYS, CA 91406
SBA Loan Lender
BANK OF THE WEST
1400 RIVER PARK DR, STE 200,
SACRAMENTO, CA 95815
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2034 - Dried and Dehydrated Fruits, Vegetables, and Soup
NAICS Code
311423 - Dried and Dehydrated Food Manufacturing
Loan Approval Date
10/21/2004
Loan Approval Gross Amount
$1,750,000
Loan Approval from the SBA
Of the total $1,750,000 loan amount, the SBA guaranteed $740,600.
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 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Understanding Dilution
Small Business Banks in Sacramento, California
SBA California Lenders