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November 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Security Pacific Bank Los Angeles Business Loans > Limited-Service Restaurants Loan | ||||
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Get a Commercial Loan from Security Pacific Bank
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Anaheim, California Business Gets SBA-Guaranteed Funding from Security Pacific BankAn SBA loan from Security Pacific Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Anaheim, California business owner got a $1,190,000 loan. Getting a small business loan in Anaheim, California was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Security Pacific Bank, operating out of Los Angeles, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender SECURITY PACIFIC BANK This lender provides SBA debt financing 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/2/2007 Loan Approval Gross Amount $1,190,000 Loan Approval from the SBA Of the total $1,190,000 loan amount, the SBA guaranteed $892,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $1,190,000. How would you spend $1,190,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Los Angeles, California SBA Participating Banks in California
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