SBA $5 million loan pact for Trim-Lok accents foreign sales.SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government $5 million loan pact for Trim-Lok accents foreign sales Seeking to increase small businesses' competitiveness in the global marketplace, the Small Business Administration has decided to inject in·ject v. 1. To introduce a substance, such as a drug or vaccine, into a body part. 2. To treat by means of injection. more funds than it normally would guarantee into a local company to expand its exporting efforts. But, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. officials at Paramount-based Trim-Lok, it will be some time before they boost their overseas marketing or increase jobs, another goal of the SBA in backing the $5 million financial package. Trim-Lok, with $6 million in annual sales, manufacturers and sells trimming, a product used in refrigerators as "buffers" for the appliance's door as well as in airplanes and vans, for instance. President Gary Whitener whit·en tr. & intr.v. whit·ened, whit·en·ing, whit·ens To make or become white or whiter, especially by bleaching. whit said the financial package the company will receive, which is under the federal 504 program, "will be spent entirely to buy (new facilities)," which will make room for new machinery. Only after that expansion will employees be hired over a 12-month period he said. Boosting its sales to distributors in the Western Hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. and in Europe, Asia and Africa also will be a priority after the company moves to Buena Park Buena Park (bwā`nə), city (1990 pop. 68,784), Orange co., S Calif.; inc. 1953. Food processing, the manufacture of aircraft, and tourism are important to the city's economy. in Orange County in November, said Whitener. Pursuing the financing to acquire the building, according to Trim-Lok Controller Henry Yamashita, came about through connections at commercial realtor Grubb & Ellis. "A building came up for sale and we were always shopping around. . . . When the opportunity arose, our realtor said, |You know I have experience with SBA people,'" said Yamashita. Besides a $1 million SBA guaranteed debenture debenture (dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond, and debenture stock is similar to preferred stock. - the first to be targeted to a developing export business in this region (California, Arizona, Hawaii, Nevada and Pacific Trust Territories) - Yamashita said the building's seller will finance nearly $3 million, Trim-Lok will spend $400,000 and Farmer's Merchant Bank in Long Beach will provide $900,000. |
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