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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pico Rivera, Business Loans > Pacific Western Bank Pico Rivera Business Loans > Petroleum And Petroleum Products Loan | ||||
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Small Business Banks in California
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Getting an SBA Loan for Petroleum and Petroleum Products WholesalersWith these commercial loans for petroleum and petroleum products wholesalers, the SBA guarantees the lender that the loan will be repaid. This petroleum and petroleum products wholesalers loan for $150,000 was given to a California entrepreneur in 2000. Getting a small business loan in West Covina, California was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Pacific Western Bank, operating out of Pico Rivera, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS SBA Loan Lender PACIFIC WESTERN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5172 - Petroleum and Petroleum Products NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 5/16/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 8 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in West Covina CA, you ought to talk with a local West Covina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Covina businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Pacific Western Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Banks in Pico Rivera, California
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