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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redondo Beach, Business Loans > Bay Cities National Bank Redondo Beach Business Loans > Carpet And Upholstery Cleaning Services Loan | ||||
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Redondo Beach Bank Loan
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Redondo Beach, California Bank Gives SBA Loan to Carpet And Upholstery Cleaning Services CompanyGet to know Redondo Beach, California banks that specialize in small business loans and know how to work with entrepreneurs. Bay Cities National Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in San Pedro, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Bay Cities National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SERVICES SBA Loan Lender BAY CITIES NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 12/9/2004 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 5 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs. Getting an SBA Loan For Your Business If you are raising money in San Pedro CA, you ought to talk with a local San Pedro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Pedro businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Redondo Beach, California
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