Banning, California Entrepreneur Gets an SBA Loan
Searching for a California SBA loan? This California entrepreneur got an SBA loan, provided by a California bank that works with the SBA to help small business owners.
Getting a small business loan in Banning, California was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Saehan Bank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
BANNING, CA 92220
SBA Loan Lender
SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010
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
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
5/19/2006
Loan Approval Gross Amount
$380,000
Loan Approval from the SBA
Of the total $380,000 loan amount, the SBA guaranteed $285,000.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $380,000 loan. Remember, fight for what you want, and it will be yours!
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.
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