SBA Loan from City National Bank Helps Bolts, Nuts, Screws, Rivets, And Washers Company

City National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Walnut, California was able to borrow $1,140,800 from City National Bank. The SBA made the loan possible by guaranteeing $422,346 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BOLTS, NUTS, SCREWS, RIVETS, AND WASHERS
WALNUT, CA 91789

SBA Loan Lender

CITY NATIONAL BANK
606 S OLIVE ST
LOS ANGELES, CA 90014

This lender provides SBA guaranteed business 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.

SIC Code

3452 - Bolts, Nuts, Screws, Rivets, and Washers

NAICS Code

332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing

Loan Approval Date

5/12/2000

Loan Approval Gross Amount

$1,140,800

Loan Approval from the SBA

Of the total $1,140,800 loan amount, the SBA guaranteed $422,346.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 200 employees. The loan application indicated that the loan would help retain 200 existing jobs.

Great, But How Can I Get an SBA Loan for My 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 SBA loan was for $1,140,800. How would you spend $1,140,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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