Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Vernon, California and We Got One!

 

 
Loan Census SBA Loan Info

How to Get a Loan for Dry Pasta Manufacturing

Looking for SBA loans for dry pasta manufacturing? Talk to a banker who works with the SBA. This $300,000 dry pasta manufacturing loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Vernon, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Citizens Business Bank, based in Burbank, California.

SBA Loan Borrower

COMPANY TYPE: DRY PASTA MANUFACTURING
VERNON, CA 90058

SBA Loan Lender

CITIZENS BUSINESS BANK
4100 W ALAMEDA AVE
BURBANK, CA 91505

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311823 - Dry Pasta Manufacturing

Loan Approval Date

7/27/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Business Bank and they will explain how you can get an SBA loan for your company.

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:

Alternative Financing

SBA Participating Banks in Burbank, California

Getting an SBA Loan in California