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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Newport Beach, Business Loans > Commercewest Bank Newport Beach Business Loans > Mail-Order Houses Loan | ||||
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SBA Lender Newport Beach
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Newport Beach, California Bank Lends Money to Mail-Order Houses Company in Cerritos (dairy Valley), CaliforniaThinking about meeting with a Newport Beach, California bank about a business loan? Here's one California business loan, issued by a Newport Beach bank, that was approved by the SBA. Applying for an SBA loan with Commercewest Bank worked out well for our friends at one local firm in Cerritos (dairy Valley), California. They received an SBA loan for $250,000. Great job! SBA Loan Borrower COMPANY TYPE: MAIL-ORDER HOUSES SBA Loan Lender COMMERCEWEST BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 454113 - Mail-Order Houses Loan Approval Date 5/16/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 36 employees. The loan application indicated that the loan would help retain 36 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Lenders in Newport Beach, California
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