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June 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > First Bank Huntington Beach Business Loans > Motor Vehicle Parts And Accessories Loan | ||||
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California Bank SBA Loans
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First Bank SBA Loan to Motor Vehicle Parts And Accessories CompanyWant a California SBA loan? Here's one California business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverside, California was able to borrow $680,400 from First Bank. The SBA made the loan possible by guaranteeing $510,300 of this California small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES SBA Loan Lender FIRST BANK This lender provides SBA small 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 3714 - Motor Vehicle Parts and Accessories Loan Approval Date 3/9/2000 Loan Approval Gross Amount $680,400 Loan Approval from the SBA Of the total $680,400 loan amount, the SBA guaranteed $510,300. 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 140 employees. The SBA loan application for the borrower indicated that the loan would help generate 18 new jobs and retain 140 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $680,400 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Where to Get an SBA Loan in Huntington Beach, California
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