Getting an SBA Loan for Outdoor Power Equipment Stores
Looking for commercial loans for outdoor power equipment stores? An SBA loan may be just what you've been looking for. This $700,000 outdoor power equipment stores loan was issued by a California bank.
Getting a small business loan in Alhambra, California was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Center Bank, operating out of Los Angeles, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: OUTDOOR POWER EQUIPMENT STORES
ALHAMBRA, CA 91803
SBA Loan Lender
CENTER BANK
3435 WILSHIRE BLVD, STE 700
LOS ANGELES, CA 90010
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
444210 - Outdoor Power Equipment Stores
Loan Approval Date
4/22/2005
Loan Approval Gross Amount
$700,000
Loan Approval from the SBA
Of the total $700,000 loan amount, the SBA guaranteed $525,000.
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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Alhambra or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Startup Funding Tip
Good Banks for Small Business in Los Angeles, California
SBA Lenders in California